Each month of 2011, outstanding mortgage balances in the U.S. declined by an average of $ 30 billion, according to a recently released report from Moody’s Analytics and Equifax. The report attributes the decline to defaulted loans being written off. Aggregate delinquency rose by 6 basis points in December to 6.12 percent, according to the companies’ joint study. The rate remains in line with rates seen since April but has declined since a January high of 8.25 percent.
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