Delinquency Rate on Single Family Residential Mortgages dipped -.29 points to 9.41% from Q1 2013 to Q2 2013.
This is a promising direction, it continues a year long trend.
Although this is great news, there are still 9.41% of the mortgages in delinquency. This is still a major crisis. This figure should be between 1% – 3% based on historical perspective.
This data is from the Board of Governors of the Federal Reserve System. I should point out that the Fannie Mae figures show a different figure and that if the number most reported on.