Thursday, June 5, 2008
Mortgage Delinquency Rate Hits 29-Year High in First Quarter
Mortgage delinquencies for U.S. homes in the first quarter of 2008 jumped 53 basis points from the previous quarter to 6.35% of all loans outstanding, marking a 29-year high, according to the MBA's National Delinquency Survey released Thursday. From one year ago, delinquency rates have risen 151 basis points. This is ...
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