During the month of June, fewer homeowners nationwide fell behind on their mortgage payments, according to the Obama administration’s Housing Scorecard, a report on the nation’s housing market.
In June, 4.4 percent of prime mortgages were at least 30 days late, a decline from the peak of 5.9 percent in 2010, according to a statement. Seriously delinquent prime mortgages – those at least 90 days late or in foreclosure – remained 22 percent below a high of 1.9 million recorded last year.
"This month’s housing data paint a mixed picture of conditions in the market – despite growing evidence of progress in the broader economy," said Department of Housing and Urban Development Assistant Secretary Raphael Bostic. "We’re continuing to see a slight improvement in home prices and a decline in mortgage defaults as our foreclosure prevention programs reach more borrowers upstream in the process. But we have much more work to do to help the market recover and to reach the many households there and across the nation who still face trouble."