Serious Mortgage Lates, Foreclosures at Decade Low

Monthly home loan performance remained strong, with the rates of serious mortgage delinquency and foreclosure at their lowest levels in a decade.

Delinquency of at least 30 days on U.S. single-family loans finished August at 4.6 percent. That was the same rate reported as of the preceding month.

But there has been an improvement in residential loan performance compared to the same month last year, when the rate landed at 5.2 percent.

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From:: Financing