Florida, California driving mortgage delinquency rate (Orlando Business Journal) Mortgage loan delinquency rates in Florida and California are driving the nation's residential delinquency rate, which jumped .06 percent in the second quarter to 6.41 percent of all outstanding loans, according to the Mortgage Bankers Association.

U.S. foreclosures, mortgage delinquencies hit record high (Market Watch) CHICAGO (MarketWatch) -- The rate of mortgages entering foreclosure hit another record high in the second quarter, as did the percentage of loans somewhere in the foreclosure process, the Mortgage Bankers Association reported on Friday. The delinquency rate, which measures mortgages that aren't in foreclosure but have at least one overdue payment, also was the highest ever recorded in the MBA's ...

UPDATE: Foreclosures, Mortgage Delinquencies Hit Record High Again (Nasdaq) CHICAGO (Dow Jones) -- The rate of mortgages entering foreclosure hit another record high in the second quarter, as did the percentage of loans somewhere in the foreclosure process, the Mortgage Bankers Association reported on Friday.

Mortgage delinquencies in New Jersey rise in latest survey (The Record) WASHINGTON -- The delinquency rate for mortgage loans on residential properties in New Jersey was 5.43 percent at the end of the second quarter, an increase of 56 basis points, according to the Mortgage Bankers Association in a report released today.

Mortgage delinquencies up in N.C. (The Wilmington Star-News) The delinquency rate on residential mortgages rose to 6.22 percent in North Carolina at the end of the second quarter, the Mortgage Bankers Association reported Friday.That's up a half percentage point from the first quarter. That compares with a national rate of 6.41 percent, the industry trade group said.

Foreclosures Climb to Record Highs; Fed Rate Hike in 2008 Increasingly Unlikely (Schaeffers Research) The Mortgage Bankers Association (MBA) said today that the rate of mortgages in foreclosure rose to another record high in the second quarter of the year...( Read More )

Australian PM says rate cut to provide modest relief for mortgage holders (People's Daily) Australian Prime Minister Kevin Rudd said on Tuesday the first official interest rate cut in nearly seven years will provide modest relief for mortgage holders. The Reserve Bank cut its key rate by a quarter of a percentage point to 7.0 percent following Tuesday's monthly board meeting. The move had been widely anticipated and the major retail banks have already indicated they will pass on the ...

Mortgage rates drop slightly in week (UPI) WASHINGTON, Sept. 4 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages dropped modestly from the previous week, the Federal Home Loan Mortgage Corp. said Thursday.

Credit Union passes on rate cut (Daily Telegraph) CREDIT Union Australia (CUA) will follow the big four banks in passing on the full 25 basis point cut to its standard variable mortgage rate following the Reserve Bank of Australia's (RBA) cut to the official cash rate on Tuesday.

Credit Union passes on rate cut (Daily Telegraph) CREDIT Union Australia (CUA) will follow the big four banks in passing on the full 25 basis point cut to its standard variable mortgage rate.