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Real Estate & Property Law

: Housing Wire

Credit Card Delinquencies Fall 11 Percent

By PAUL JACKSON

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Mortgage servicers understand the critical link between consumer debt and mortgage debt — at least traditionally. The equation isn’t exactly rocket science: troubled borrowers usually load up on credit card debt, and perhaps even default on unsecured debts, before defaulting on a mortgage. And during the fourth quarter of 2008, bankcard borrower debt inched upward nationally [...]

Full post as published by Housing Wire on March 10, 2009 (boomark / email).

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