In Q3-2008, Delinquency rates for mortgages on single family homes and Commercial Real Estate both were ~5%, and the charge-off rate for these loans were 1.1% for Commercial loans and 1.45% for single family home mortgages.
Monday, December 22, 2008
A Decade of Mortgage Delinquency Rates and Default Rates
According to data released by the Federal Reserve Board, the levels for Delinquency Rates and Charge-off Rates for mortgages related to single family homes and commercial properties have reached decade-level highs.
In Q3-2008, Delinquency rates for mortgages on single family homes and Commercial Real Estate both were ~5%, and the charge-off rate for these loans were 1.1% for Commercial loans and 1.45% for single family home mortgages.
In Q3-2008, Delinquency rates for mortgages on single family homes and Commercial Real Estate both were ~5%, and the charge-off rate for these loans were 1.1% for Commercial loans and 1.45% for single family home mortgages.
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