Mortgage delinquencies fall to lowest level on record
admin | February 21, 2020
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Less than 2 million homeowners were 30 days or more past due on their mortgage in January, a new nationwide low in mortgage delinquencies since 2000. Prepayments fell by 15% month over month in January to a 1.26% single monthly mortality rate, but they are set to accelerate given the recent rally. The national foreclosure rate was unchanged on the month but has fallen modestly year over year.
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