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August 8, 2013

Mortgage Delinquencies & Initial Jobless Claims dowm

August 8, 2013

Mortgage Delinquencies & Initial Jobless Claims dowm

Jobless Claims (week ended 8/3/2013)

– New Claims (seasonally adjusted) 333,000.

– 4-week Moving Average 335,500

– Initial claims, unadjusted, totaled 286,738 in the week ending August 3, an increase of 5,285 from the previous week.

Mortgage Delinquencies

According to MBA the percent of home loans that were more than 90 days behind or in the foreclosure process fell to 5.88% in the 2ndQ2013 from 7.31% a year earlier.  This is the lowest level since the Lehman BK.