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Homeowners Deliquent on their Mortgages drop for First time in 12 months.

May 11, 2010

After steadily increasing for 12 consecutive quarters, the national mortgage loan delinquency rate—the ratio of borrowers 60 or more days past due on their mortgage—dipped down to 6.77 percent in the first quarter of this year, according to data released Monday by TransUnion. This statistic, which is traditionally seen as a precursor to foreclosure, reflects [...]

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