Serious Mortgage Delinquencies Soar to a 10-Year High

by Mike ‘Mish’ Shedlock
The Street

Early stage mortgage delinquencies improved in July but serious delinquencies are another matter.

Good News and Bad News

The Black Knight Mortgage Monitor for July has a bit of good news and bad.

The Good News

– Mortgage delinquencies continued to improve in July, falling 9% from June, with more than 340K fewer past due mortgages than the month prior.

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