Fewer home loans are going bad these days, the Mortgage Bankers Assn. said Friday in its quarterly delinquency report.
Calling the finding surprising, the trade group interpreted it as a signal that the housing markets are healing.
“We are likely seeing the beginning of the end of the unprecedented wave of mortgage delinquencies and foreclosures that started with the subprime defaults in early 2007.”
(Continue reading at the LA Times)