How many delinquencies are on new mortgages?
Mortgage delinquencies keep rising and are now occurring in a huge way among borrowers who had been rated good credit risks. Just about every category of mortgages gone bad hit a new record in the third quarter, according to the Mortgage Bankers Association. Ref. Source 4
I think that if the new refinanced mortgages have not defaulted as of yet that it will not be long before they do. You can not just put a band-aid on a problem and hope that it goes away. We need a real solution to the home mortgage crisis because it has not gone away.