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Saturday, March 20, 2010, as of 09:45 AM EDT

Late Payments Climb to New Record

National Mortgage News  |  Tuesday, June 16, 2009

By Amilda Dymi

WASHINGTON-The national mortgage delinquency rate - which includes both prime and subprime mortgages - climbed to a record 7.88% in the fourth quarter with subprime late payments reaching a staggering 21.88%, according to new figures released by the Mortgage Bankers Association...

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