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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Foreclosures Are On The Rise As Of September 2010


Foreclosures are on the rise, especially during the month of September. There are over 4.3 million homeowners who are 90 days or more delinquent on their mortgage. It was reported by LPS that the majority of homeowners who were in foreclosure had not made a house payment in almost 16 months.  LPS found that compared to last year foreclosures' in the month of September there was a drop in this year's foreclosures' by 7.8%.  LPS stated that "the nation's mortgage delinquency rate is at 9.27 percent and the U.S. foreclosure inventory rate at 3.84 percent."


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