Industry News

Fewer Californians miss mortgage payments

Mortgage bankers attribute punctuality to lower interest rates, energy prices
Published on Mar 25, 2004

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by CareyBot

The delinquency rate for mortgage loans on one- to four-unit residential properties in California decreased during the fourth quarter of 2003, as did the percentage of mortgages in the foreclosure process, according to the California Mortgage Bankers Association. The delinquency ...