payments past due

See: arrears
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As the student loan debt has risen in stride with the declining labor market, delinquency rates have been steadily increasing, resulting in a high volume of accounts that are two or more payments past due or in collections.
Qualified homeowners will receive a 0% interest loan that covers the amount of mortgage payments past due on their primary residence.
Certainly, as an account becomes several payments past due, the likelihood of pursuing legal action increases.
3 million, were two or more payments past due during the first quarter.
Through active calling and letter-writing campaigns, workshops, regional outreach events and door-to-door contact, Wells Fargo Home Mortgage has reached 94 percent of its customers who are two or more payments past due.
In addition, data on the proportion of loans that have payments past due provide more direct measures of repayment problems, while personal bankruptcy statistics indicate the frequency of the most severe problems-those in which debtors find the situation so extreme as to seek resolution from the courts.
The percentage of loans three or more payments past due is 3.
Delinquencies are based on the unpaid principal balance of mortgage loans that are two or more monthly payments past due or in the process of foreclosure.
They include: looking at the credit report and/or payment history and determining if there have been any payments past due for over 30 days in the last six or 12 months; determining what the LTV ratio is, whether or not the loan is owned by Fan-nie Mae or Freddie Mac and if the loan was made on or before May 2009; and finally determining that it has not been refinanced as a HARP loan before.
The workbook we are announcing today is yet one more way we can improve on our 94 percent contact rate to help customers who are two or more payments past due on their mortgage loans.
CMBA considers a loan delinquent if it is two or more payments past due.
Qualified homeowners will receive a zero percent interest loan that covers the amount of mortgage payments past due on their primary residence.