In an encouraging sign for the US housing market, mortgage delinquencies fell in March for the second month in a row, according to new data.
The number of mortgage loans that were at least 30 days past due or in foreclosure declined 8.6% in March, according to LPS Applied Analytics, which tracks loan performance. The biggest slide came in loans that were 30 days past due. Such loans fell by a record 342,000 to roughly 1.45 million, a level not seen since spring 2008.
Wall Street Journal