The monthly rate of mortgage delinquency edged higher during May, though the rate of foreclosures was down by a greater degree.
Residential loans that were either at least 30 days past due or in the foreclosure process numbered 2,727,000 as of the end of last month.
The total was comprised of 2,153,000 mortgages past due at least 30 days and 574,000 properties in the foreclosure pre-sale inventory.
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From:: Financing