MBA (6/5/2008 ) Kemp, Carolyn
The Mortgage Bankers Association will release its 1st Quarter National Delinquency Survey today. MBA will hold a news conference at 10:30 this morning.
Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States. The NDS provides delinquency and foreclosure rates at the national, regional and state levels. Rates are reported by length of delinquency (30 days, 60 days, 90 days or more), type of loan (prime, subprime, FHA and VA), and for fixed-rate and adjustable-rate mortgages.
Jay Brinkmann, MBA's vice president of research and economics, will provide analysis on the data and will be available for a question-and-answer session following the analysis.
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