Newly delinquent home borrowers with privately insured mortgages outnumbered people who caught up on overdue payments by more than 2 to 1 in December — the worst ratio on record — according to the Mortgage Insurance Companies of America, an industry trade group.

During the month 49,749 homeowners who had fallen behind on their home loans became current, compared with 105,110 who became at least 60 days late, the trade group said Friday. There were 2.1 defaults for every "cure," compared with 1.89 in November.

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