Wednesday, May 19, 2010

One in 7 US Homeowners Late Paying or In Foreclosure

One out of seven U.S. households with a mortgage ended the first quarter late on mortgage payments or in the foreclosure process...
The delinquency rate for one-to-four-unit residential loans in the first quarter rose to a seasonally adjusted rate of 10.06 percent of loans outstanding from 9.47 percent the prior quarter and from 9.12 percent a year earlier.

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