The answer to that is “Yes”!! Even though the foreclosure situation is still an issue, it appears that less people are faltering on their home loans. According to the Seattle Times, the Mortgage Bankers Association stated the percentage of homeowners missing only one loan payment dropped .2% in the 4th quarter of 2009 from the 3rd quarter. The Nevada Appeal printed that numbers are down for the first time in 3 years of borrowers that are delinquent on at least one payment but where the foreclosure process has not yet begun. These are very good indicators that recovery is in sight!
February 22, 2010
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