Resetting Option ARM’s Increasing Mortgage Delinquencies

The unemployment rate in the U.S. is now at 9.7%.   A record 7.58% of U.S. homeowners with a mortgage were delinquent by at least 30 days in the August, up from 7.32% in July according to Equifax. August marked the fourth consecutive month with an increase in  mortgage delinquencies.  In the months leading up to [...]

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