Overdue home loans fall in 2nd quarter

Overdue home loans fall in 2nd quarter
The rate of mortgages seriously delinquent or heading into foreclosure nationwide fell during the second quarter, according to Mortgage Bankers Association data released Thursday. Total delinquencies were at a rate of 9.85% of all loans outstanding as of June 30. And the percentage of loans on which foreclosures were started during the second quarter was 1.1%.
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Home loans a bridge too far
BANKS are denying funds to homeowners looking to upgrade and move into a bigger home. The stance is curtailing property markets.
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Marquee homes languish on Calif. housing market
LOS ANGELES (AP) – Southern California's home-sale listings are beginning to resemble an index to the country's most famous mid-20th-century architects, with more marquee properties languishing on the market as the well-heeled become increasingly reluctant to buy.
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