The U.S. mortgage delinquency rate increased for the first time in a year as slowing economic growth left more borrowers struggling to pay their bills.
The share of home loans at least 30 days late rose to 7.58 percent in the second quarter from 7.4 percent in the previous three months, the Mortgage Bankers Association said in a report today. It was 8.44 percent a year earlier.
Source: Bloomberg. Read full article. (link)