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Late Payments in U.S.

Americans with risky mortgages are becoming later with their payments.  More than 7% of U.S. homeowners with subprime loans are over 60 days delinquent on their payments, the most since 1998.  (Bloomberg, Story Link )

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Last modified: October 18, 2006

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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