Record Lates to Head Higher
Posted on November 20, 2009
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Residential delinquency of at least 30 days, including foreclosures, shot up 1.25 percent in the Mortgage Bankers Association’s third-quarter National Delinquency Survey. It was "the highest ever recorded" based on MBA data back to 1972. MBA’s chief economist predicted that "delinquency rates and foreclosure rates will continue to worsen before they improve."
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