BY NICK TIMIRAOS
The number of American households behind on mortgage payments or in foreclosure rose slightly in the second quarter from the first but was still lower than a year ago, offering the latest sign of the economy’s uneven recovery from the housing bust.
The Mortgage Bankers Association said 11.9% of mortgage loans on one- to four-unit homes were 30 days or longer past due or in the foreclosure process at the end of second quarter, according to a survey it released Thursday. That represents more than 5.8 million households. The second-quarter figure was down from 12.9% a year earlier but up …
Article source: http://online.wsj.com/article/SB10000872396390443404004577579050532818834.html?mod=rss_economy
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