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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.

 

Serious U.S. mortgage delinquencies rise

Serious delinquencies among U.S. prime mortgages rose nearly 20 percent in the third quarter from the prior quarter, banking regulators said on Monday.

 

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