Wednesday, May 23, 2012
Mortgage delinquencies edge down
A trade group says 9.1% of borrowers missed at least one home loan payment in the third quarter, compared with 9.9% in the second quarter.
The number of Americans falling behind on their mortgage payments dropped slightly in the third quarter, encouraging news for those who fear a fresh wave of defaults brought on by stubborn joblessness. But the decline was too small to indicate the foreclosure crisis will be over any time soon.
Read the original post on L.A. Times – Real Estate News
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