The share of non-agency mortgages 30-60 days past due soared 44 basis points to 3.54% in...
The share of non-agency mortgages 30-60 days past due soared 44 basis points to 3.54% in September, the highest level since February 2010. Seasonal trends may have played a factor, but JPMorgan expects this "wave of re-defaults" to last through 2013, suggesting at least some threat to the housing recovery.
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