Citing data from Fitch Ratings, Bob Massey reports that delinquent Alt-A and residential subprime mortgage-backed securities headed south in May. According to his latest post in REWealthCoach.com, Alt-A security delinquencies declined from 34.1% in April to 33.9% last month. Late payments for residential subprime mortgage-backed securities, on the other hand, fell from 45.2% to 44.8% during the same period. Read on to learn more. Click Here or click the image to read the rest of this article.
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