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Mortgage Delinquencies Fall, but Challenges Remain

The number of American households behind on mortgage payments posted a substantial decline from year-earlier levels, but foreclosures remained near record highs in the first quarter.

 

Mortgage delinquencies spike 10%

Mortgage delinquencies spike 10%

A dubious distinction was reached during the first three months of 2010: More than 10% of all borrowers are now behind on their mortgage payments.

 

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