Mortgage defaults in U.S. show signs of slowing
May 25th, 2010 by admin
Los Angeles Times
Two reports released recently raise hope that the country’s tide of home-loan defaults may finally be starting to recede, but the picture is far from clear. Credit data giant TransUnion said serious delinquencies — home loans on which borrowers are at least 60 days behind on payments — fell slightly across the nation in the first quarter of 2010, marking the first such decline in three years. More
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