Wealthiest homeowners in the U.S. are defaulting more, data show

The richest U.S. homeowners have stopped making mortgage payments at a much higher rate compared with the general population, according to real estate analytics firm CoreLogic. Among mortgages of less than $1 million, the default rate is about one in 12, whereas one in seven homeowners with a mortgage of more than $1 million is in default, the firm said.

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