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Green Shoots? CA June 2009 Notice of Defaults over 9%, up 50%+ vs. June 2008

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  • Green Shoots? CA June 2009 Notice of Defaults over 9%, up 50%+ vs. June 2008

    http://www.latimes.com/business/la-f...ef=patrick.net

    The mortgage delinquency rate in June was up sharply from a year ago, when 6% of California mortgages were delinquent and 5.2% in Los Angeles County were in default.

    In May 2009, the state default rate was 9.2% and the Los Angeles County rate was 9.5%, according to First American CoreLogic.
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