The Bains

2009 concluded with 2% of TX home loans in foreclosure, compared with 4.58% nationwide. 10.3% of TX home loans were delinquent – up 0.5% from the 3rd quarter – but the number of loans 30-60 days fell 4.43%, according to the Mortgage Bankers Association. A loan is considered delinquent if
one or more PAYMENTS ARE PAST DUE. Nationally, the delinquency rate declined to 9.47% and the rate for loans 30-60 days delinquent fell to 3.36%. This shows a significantly improved housing market, even for 90 days.