Foreclosures and Late-Stage Delinquencies Drop

By: Carrie Bay Foreclosure starts dropped during the second quarter and the inventory of homes in the process of foreclosure fell for the first time since 2006, the Mortgage Bankers Association (MBA) reported Thursday. Loans 90 days or more past due, the largest share of delinquent mortgages, also decreased. MBA Chief Economist Jay Brinkmann says […]

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