Mortgage companies may be breathing a sigh of relief right now because fewer homeowners were delinquent in their mortgage payments this past quarter than the one before. According to CNN.com, this could mean that the mortgage market is starting to heal,
This figure is significant because it shows a reduction — even if just slight — in the volume of loans heading toward the foreclosure process. This has not happened since 2006.
Always being an optimist, I hope the healing has begun. However until I stop hearing about friends who’ve just received their formal foreclosure notice, I’m not buying into this sunny outlook quite yet.
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