MICA Reports Continued Problems for U.S. Homeowners

Nearly 68,000 American homeowners with mortgage
insurance fell more than 60 days behind on their loans in May,
outnumbering the 40,687 people who cured their situation in the month,
according to a release from the Mortgage Insurance Companies of America
(MICA) on Monday.

This is the 26th month in a row that delinquent homeowners have
outnumbered cures.

“What we’re seeing in the mortgage market is a continuation of the
return to realistic and responsible lending standards
and privately insured loans are part of that equation