Comment on Mortgage defaults show signs of slowing

Mortgage defaults show signs of slowing

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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