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Mortgage defaults show signs of slowing
May 11, 2010 by admin · Leave a Comment
TransUnion says serious delinquencies fell slightly in the first quarter. Fitch says serious delinquencies on subprime loans packaged into mortgage-backed securities fell a second month in a row. Two reports released Monday raise hope that the country’s tide of home-loan defaults may finally be starting to recede, but the picture is far from clear.
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Mortgage defaults show signs of slowing