Recently the Morgage Bankers Association sported that the nunmber of homeowners being in their mortgages had reached 6.99% ~ However the report further states that the numbers of families just entering default has begun to drop.
The MBA NOTED THAT THE SLOWING IN NEW DEFAULTS IS NOT NECCESARILY A SIGN OF RECOVERY, but that the new rescue efforts and foreclosure moratoriums may be beginning to take hold.