“The combined delinquency rate on mortgages held by major banks dropped to 6.68% in the second quarter, the lowest level since the third quarter of 2009", according toFederal Deposit Insurance

Bozeman housing market
For the first time in two years, the notorious bank failures REVERSED their trends that have been seen throughout this economic hard time! The FDIC (Federal Deposit Insurance Corporation) who insures deposits at 7,513 banks reported that ithe second quarter of this year the FDIC’s Deposit Insurance Fund was POSITIVE.
What this means to the housing realm? Overall economic trends impact your mortgage. The dollar amount of delinquent loans between 30 days and 90 days dropped for the 7th quarter consecutively. Note: this is the absolute lowest it has been since 2007. Even if focus is placed on this quarter alone, there has been a 10% reduction in delinquencies since the prior quarter. 
It must not be forgotten that the summation of delinquencies is still $172 billion. We are not healed, but we are healing.  


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