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Delinquency

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BUSINESS
September 28, 1997
After two straight quarters of increases, the national mortgage delinquency rate declined, according to statistics released by the Mortgage Bankers Association of America.MBA's survey, which covers approximately a third of all residential mortgages, showed that the overall seasonally adjusted rate on one- to four-unit homes was down to 4.24 percent from 4.36 percent in the first quarter of 1997.Maryland's delinquency rate was higher than the national average at 4.77 percent in the second quarter.
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BUSINESS
By Steve Kilar, The Baltimore Sun | June 22, 2013
Maryland's housing market is improving, but many homeowners still face trouble. Foreclosure activity in Maryland last month reached a 33-month high, according to RealtyTrac, which gathers real estate data nationwide. Among the states, Maryland had the largest year-over-year increase — 229 percent — in foreclosure starts in May. "Every day, we just get a lot of struggling, hurting, scared homeowners," said Owen Jarvis, an attorney with the St. Ambrose Housing Aid Center in Baltimore.
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NEWS
BY A SUN STAFF WRITER | December 6, 2001
A Baltimore social services worker was found guilty of contributing to the delinquency of a minor and sentenced to three years' probation yesterday for telling a mentally disturbed teen-ager to leave Howard County Circuit Court on his own. Carroll County Circuit Judge Francis M. Arnold said that Larry D. Richardson, 43, of Chase caused the boy to flee the courthouse after a hearing Oct. 31 last year by telling the child to "get to steppin.'" The teen-ager, who takes anti-psychotic drugs and is known to be violent, was found several hours later near a fast-food restaurant on U.S. 40.
NEWS
By Scott Calvert, The Baltimore Sun | June 7, 2013
  A Visa credit card issued to Mayor Stephanie Rawlings-Blake's office has accumulated more than $760 in finance charge since late 2011, thanks to monthly balances that have exceeded $13,000. Four monthly statements over that span list the account as “delinquent.” Ryan O'Doherty, a spokesman for Rawlings-Blake, said Friday that part of the problem may be an administrative delay after payments are sent to the Finance Department. City Hall staff members are looking into the situation, he said.
BUSINESS
March 21, 1999
Although the delinquency rate for mortgages hit their lowest mark in the last two years, Maryland's rate is on the rise, according to statistics released by the Mortgage Bankers Association of America.Nationally, mortgage delinquencies fell to 4.24 percent in the fourth quarter of 1998. The decrease was the second significant decline in the last three quarters, with the rate dropping almost a quarter percentage point since it peaked a year ago. The rate is at its lowest level since the third quarter of 1996.
BUSINESS
December 9, 2001
Mortgage delinquencies and loans moving into foreclosure increased in the third quarter due to an economic recession and rising unemployment, according to a quarterly survey by the Mortgage Bankers Association of America. "The weakening [gross domestic product] and job losses in the technology and manufacturing sectors have affected homeowners' ability to keep their mortgage payments current," said Douglas G. Duncan, MBAA's chief economist. The delinquency rate on one- to four-unit residential properties rose almost a quarter of a percentage point - 24 basis points - to 4.87 percent.
BUSINESS
April 30, 2000
The nation's strong economy has continued to push down the mortgage delinquency and foreclosure rate, according to the latest survey by the Mortgage Bankers Association of America. "This is the lowest combined delinquency and foreclosure rate since 1973," said Paul Reid, MBA executive vice president. "The longest economic expansion in U.S. history and historically low interest rates have been the primary drivers pushing the delinquency and foreclosure rates down to these levels." Mortgage delinquencies nationwide posted the largest decline in more than four years, falling to 3.93 percent in the fourth quarter of last year.
BUSINESS
By Kenneth R. Harney | October 22, 1995
WASHINGTON -- Homebuyers and refinancers nationwide who closed on new mortgages during the first six months of 1995 are beginning to give the jitters to lending industry experts: Their rate of serious delinquency on monthly payments was significantly higher than any comparable vintage of borrowers during the past five years.Compared with borrowers in the first half of 1994, the class of 1995 has a delinquency rate three times higher, according to previously unpublished data from a national service that tracks more than 17 million home mortgage loans monthly.
BUSINESS
June 27, 1999
Mortgage delinquencies improved in the first quarter of this year, according to the National Delinquency Survey released by the Mortgage Bankers Association of America.The percentage of delinquencies decreased 13 basis points to 4.13 percent from the last quarter. The delinquency rate has fallen 29 points since this time last year, putting it at its lowest level since the first quarter of 1995.The NDS is released quarterly and shows the seasonally adjusted delinquency rates for mortgages on one- to four-unit residential properties, approximately half of all residential mortgages.
BUSINESS
By BLOOMBERG NEWS | March 18, 2004
WASHINGTON - U.S. banks are strong and profitable, with "favorable" asset quality, and able to provide financing for a growing economy, Federal Reserve Chairman Alan Greenspan said yesterday. "The weakness in credit quality that accompanied the recent recession has clearly been mild, and the system remains strong and well positioned to meet customer needs for credit and other financial services," Greenspan told the Community Bankers Convention in San Diego via satellite. "The outlook for asset quality is also favorable."
BUSINESS
By Steve Kilar and The Baltimore Sun | November 15, 2012
The rate of new foreclosure filings in Maryland fell sharply during the third quarter after a significant spring bounce following the national mortgage settlement, according to data released Thursday. New foreclosures were started on 1.17 percent of home loans in Maryland from July through September, down from 1.95 percent in the second quarter, the Mortgage Bankers Association said in a statement. Maryland had the highest foreclosure start rate in the nation during the second quarter; it was sixth during the third quarter.
BUSINESS
By Steve Kilar and The Baltimore Sun | October 30, 2012
Home mortgage foreclosure rates in the Baltimore area were up in August over the same month last year, according to recent data from housing market analysis firm CoreLogic. Among outstanding mortgage loans in the Greater Baltimore area, 4.24 percent were in some stage of the foreclosure process in August, CoreLogic said. That's an increase of 1.58 percentage points when compared to August 2011, when the Baltimore region's foreclosure rate was 2.66 percent. Maryland as a whole had a similar jump in the foreclosure rate, from 2.83 percent in August 2011 to 4.4 percent two months ago. The national foreclosure rate in August was 3.35 percent, down from 3.46 percent in August 2011, CoreLogic said.
NEWS
By Eileen Ambrose, The Baltimore Sun | September 14, 2012
Some members of Congress want to fire federal workers who are seriously delinquent on their taxes. Furthermore, if they had their way, prospective employees in deep tax arrears wouldn't even be considered for a job with Uncle Sam. The Republican-led House passed legislation last month that raised the consequences for federal civilian workers behind on their taxes, or anyone who wants to work for the government. Supporters say the measure is necessary to hold employees accountable, collect about $1 billion past due and foster confidence among Americans that public servants aren't ditching their tax obligations.
NEWS
September 3, 2012
The stereotype of the lazy, irresponsible "deadbeat dad" who won't cough up the cash for Pampers and formula has been a fixture in the debate over why states have such a hard time collecting delinquent child-support payments from absent fathers. Every few years, lawmakers decide to get tough on the alleged miscreants by stiffening the penalties for missing a support payment, revoking their professional licenses or certifications and even, in some cases, throwing them in jail. Then they sit back and wonder why, despite the righteousness of the cause, nothing much seems to change.
NEWS
By Matthew Hay Brown, The Baltimore Sun | August 27, 2012
Baltimore's clerk of the Circuit Court announced plans Monday for a class action lawsuit to force the city to collect delinquent water bills from businesses and other large customers. Circuit Court Clerk Frank M. Conaway cited a Baltimore Sun report that counted more than $10 million owed by corporations, nonprofits and government offices. The figure included RG Steel in Sparrows Point, which owed nearly $7 million, according to city records; W.R. Grace & Co., which owed almost $500,000; and the Maryland Zoo, which owed more than $135,000.
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | May 16, 2012
The share of Maryland homeowners newly behind on mortgage payments fell to the lowest level for March in four years — an important milestone because the state's new-delinquency figure is now better than its pre-crisis average. Just under 3 percent of Maryland homeowners with a mortgage were one payment behind at the end of March, the Mortgage Bankers Association said Wednesday. The average was just over 3 percent between 1979, when the trade group's quarterly survey began, and 2006, before the mortgage and financial meltdowns that pushed the country into recession.
BUSINESS
By Patricia V. Rivera and Patricia V. Rivera,SPECIAL TO THE SUN | November 23, 2003
U.S. homeownership is at an all-time high. The low-interest mortgages of recent years have made it possible for more families, particularly those with low incomes, to buy their own homes. But now the same housing advocates, who for decades have been trying to make it easier for low-income Americans to buy, fear that it's almost too pain-free for people across the board to own homes. "Nowadays it's easier to buy than to rent a home," said Vincent P. Quayle, director of the St. Ambrose Housing Aid Center in Baltimore.
BUSINESS
Yvonne Wenger | May 10, 2012
A recent analysis offers some good news, at least in the short-term, for those individuals (like me!) who are trying to sell their homes -- outside of Maryland, at least. The rate of those who are seriously behind on their mortgage payments -- a leading warning sign of pending foreclosures -- was a bit better in March at 7 percent nationwide, an analysis by real estate data firm CoreLogic. The rate is down from 7.5 percent in March 2011 and at its lowest point since July 2009. Maryland, though, inched upward from 7.8 percent to 8 percent.
BUSINESS
Liz F. Kay | October 24, 2011
Five of the six largest credit card issuers reported higher delinquency rates --- payments late by at least 30 days --- in September, according to Bill Hardekopf of lowcards.com . These rates had been declining recently, which could mean that consumers are once again struggling to make ends meet. But the issuers were also reporting that charge off rates --- debts deemed uncollectable --- are lower.  I wonder how these data might correlate with the jobless rate , which has been creeping up in Maryland since May. American Express The delinquency rate increased to 1.5 percent in September from 1.4 percent in August.
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