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Delinquencies Slip But Stay at High Level in June: CoreLogic

The share of home mortgage loans in delinquency has declined modestly but remains elevated. So reports 24/7 Wall Street.

According to CoreLogic, the portion of such loan payments that are 30 days or more past due was 7.1% in June, down two basis points from May but still up year-over-year.

“While federal and state governments work toward additional economic support, we expect serious delinquencies will continue to rise,” said CoreLogic CEO Frank Martell.

Read the full article from 24/7 Wall Street

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