Late Payments on Mortgages at Five Year Low
New York, NY, Aug. 6, 2013 -- The mortgage late-payment rate has fallen to the lowest level in five years, according to reporting agency Transunion.
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The percentage of mortgage holders at least two months behind on their payments fell in the second quarter to 4.09 percent from 5.49 percent a year ago.
That's the lowest level since the third quarter of 2008.