Late-payment rate on mortgages tumbles in 1Q

LOS ANGELES (AP) — A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.

The percentage of mortgage holders at least two months behind on their payments fell by 21% in the first three months of this year vs. the same period in 2012, credit reporting agency TransUnion said Wednesday.

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