Bank of America Delinquent Loans Mean Losses: Mortgages - Bloomberg

Bank of America Delinquent Loans Mean Losses: Mortgages - Bloomberg

Record Lateness
Mortgages on U.S. homes at the time the borrower lost the property averaged a record 728 days late in October, up from 661 days a year earlier, according to Lender Processing Services Inc. in Jacksonville, Florida. The U.S. average was 367 days in December 2008, before President Barack Obama took office and started programs to help struggling homeowners keep their residences.

The great doubling is almost complete...