are 1 payment late or more."The combined percentage of loans in foreclosure or at least one payment past due was 15.02 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey."Let's own a homebuilder now and try to build new homes and sell them at a profit.
I think is 9.74%. Either number would normally be devastating to real estate prices, but in a world where the government is content to encourage 40 year no doc refis, RE prices will stay at this level (give or take) for many, many years.
9.7% is 90 days behind payment.