National Delinquency Study Is Just A Bit Disquieting
The results are too subtle (and also presented in an incredibly confusing format) to determine if rate shock is starting to take its toll on American homeowners, but, looking beyond the cheerful lead paragraph, "The delinquency rates for mortgage loans ...were down 2 basis points from the first quarter..." The National Delinquency Study (NDS) released by The Mortgage Bankers Association this week is a little disquieting.
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