Late mortgage payments up in 3Q, 1st rise in years

Late mortgage payments up in 3Q, 1st rise in years

While lawmakers in Washington debated the debt ceiling and consumer confidence dropped, more homeowners in the U.S. were having a harder time making their mortgage payments.

The rate that mortgage holders were late with their payments by 60 days or more rose in the June-to-September period for the first time since the last three months of 2009, according to TransUnion.

Read Story on The Seattle Times…

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