Mortgage Delinquency Worsens 4th Consecutive Month

During each of the last four months, 30-day delinquency has deteriorated from a month earlier even as the foreclosure rate has improved.

July 2016 finished with 2.836 million residential U.S. loans that were either at least 30 days’ past due or in the foreclosure pre-sale inventory.

That was 100,000 more non-current mortgages than as of the end of the prior month. But the count dropped by 284,000 from a year prior.

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From:: Financing