Late Payment Rate on Mortgages Falls
The return of home
appreciation, a strengthening job market, and mortgage modification programs
have bolstered Americans' finances, allowing more of them to keep current on
their home loans. According to TransUnion, the share of mortgage borrowers two
months or more behind in their payments shrank to 3.85 percent in the fourth
quarter -- the lowest pace since the second quarter of 2007. The
October-through-December delinquency rate was down from 4.09 percent in the
previous three months and down from 5.08 percent a year earlier.
From
"Late Payment Rate on Mortgages Falls"
Associated Press (02/11/14) Veiga,
Alex
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