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The Mortgage Bankers Association (MBA) reports that mortgage defaults have fallen below expected levels.
So long as the economy continues to stay strong, mortgage default rates nationwide should continue to drop.
Buying a foreclosed home? Spring 2012 may be your best chance yet. A combination of aggressive legislation and low mortgage rates have left today's market ripe for value.
9 of the top 10 leading metropolitan areas for foreclosure-related activity showed a drop in annual activity. Only Reno, Nevada showed an increase.