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Mortgage Bankers Association

US Mortgage Deliquencies Rise in 2Q09

According to the Mortgage Bankers Association this morning, US mortgage delinquencies rose to a record rate of 9.24% of all loans outstanding. At the same time, the rate of foreclosures fell slightly to 1.36% from 1.37%.  What is interesting is that the rate of foreclosures actually fell for sub-prime ARMs, but rose for more traditional […]