Wednesday, May 6, 2015

MBA: Mortgage delinquencies and foreclosures drop in 1Q

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.54% of all loans outstanding at the end of the first quarter of 2015. Analysts say it’s a good sign for a market that’s faced a lot of headwinds. Here’s why.

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