Loans are entering delinquency and/or foreclosure at a rapid rate, but are exiting at a very slow rate and this will delay a recovery in the housing market, according to analysts at Amherst Securities Group (ASG).

There are currently 7 million mortgages that are delinquent or in foreclosure according to a Sept. 23 Amherst Mortgage Insight report.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.