Millions of Homeowners Unable to Repay Loans

In May, 7.3% of mortgages—including those in foreclosure—were at least 30 days late, according to CoreLogic. The cause? Reverberations of the recession on loan performance. Better late than never? Occasionally, perhaps, but when it comes to delinquent mortgages, not so much. Compared to the same point last year, that 7.3% represents a bounce of 3.7% …

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