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Mortgage delinquencies level off

By Mike in with 0 Comments

In a report Thursday, the Mortgage Bankers Association said 8.32 percent of homeowners with mortgages had missed at least one payment, up from 8.25 percent in the fourth quarter of 2010. Michael Fratantoni, an economist at the Mortgage Bankers Assn., described the change as more of a “leveling off” than a significant statistical change.