Mortgage Deliquency Rate Fell 0.72% in Q3 : Report

The U.S. mortgage delinquency rate declined last quarter amid hints of improvement in the job market, but persistent defaults and rising foreclosures are keeping the housing outlook muddied, the MBA said on Thursday. The rate of delinquency on single-family homes for the 3d quarter fell 0.72% from the previous quarter to 9.13%, the MBA said in its quarterly study. It was 9.64 percent a year ago. – Reuters

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