Sunday, May 30, 2010

Fannie Mae: Rate of late home loans eased in March BUT For apartment building mortgages behind at least 90 days, the delinquency rate is up

[mEDITate-OR:
shift with the blowing winds of time...

If foreclosed homes cannot be sold, but must be rented out or left empty...
If increase home rentals drive apartment prices down...
If declining rents and increased vacancies deprive apartments of income...
they will, eventually, not be able to make their mortgage payments.

Into each life a little rain must fall...

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Fannie Mae: Rate of late home loans eased in March
For apartment building mortgages behind at least 90 days, the delinquency rate inched in March to 0.79 percent from 0.73 percent.
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