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Fla has One of Highest Rates of Non-Current Loans

Fla has One of Highest Rates of Non-Current Loans

Florida has one of the nation's highest rates of non-current home loans, according to a financial company based in Jacksonville. 

Black Knight Financial Services says 2 million modified mortgages are about to face interest rate resets, and 40 percent of those mortgage holders owe more than their houses are worth.


The report did feature some good news...it shows mortgage pre-payments increased for the second consecutive month. 

Photo: Thinkstock

 

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