More borrowers falling behind
From Times Wire Services
Newly delinquent borrowers with privately insured mortgages outnumbered people who caught up on their overdue payments by almost 2 to 1 last month, a sign that nationwide efforts to help homeowners avoid default may be failing.
In April, 73,880 homeowners with privately insured mortgages fell more than 60 days late on payments, compared with 39,584 who got back on track, the Mortgage Insurance Cos. of America said.
