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Down the Rabbit Hole: Unraveling the Latest Delinquency Statistics

By Implode-Explode Heavy Industries

"There were some signs of life in the report, which saw mortgage delinquencies fall for the second month in a row?and most importantly, saw new rolls into delinquency drop sharply, as early-stage delinquencies also cured at a high rate. In fact, the rate of cures-to-current for loans less than 60 days delinquent hit an all-time high in March 2010, according to LPS data. But, like usual, not all is as it seems here."

Full post as published by Mortgage Lender Implode-o-Meter on May 03, 2010 (boomark / email).