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% …

The post Millions of Homeowners Unable to Repay Loans appeared first on DSNews.

Comments

About DS News

DS News

Check Also

Mortgage Apps Steady; Forbearances Drop Under 6%; Highest Rates in a Month

The Mortgage Bankers Association (MBA) says there was little change in mortgage application activity during …