S&P reports decline in mortgage delinquencies in May

Standard & Poor's Ratings Services says that mortgage delinquencies largely dropped last month, another indication that the housing market woes may be subsiding. Prime-rated jumbo home loans were the underperformer, with a small rise in delinquencies in May compared with April, according to S&P.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: