mortgage delinquency

Definition of "mortgage delinquency"
  1. A situation where a borrower fails to make complete or timely payments on a home mortgage
How to use "mortgage delinquency" in a sentence
  1. The bank sent a warning letter due to their mortgage delinquency.
  2. The higher rate of mortgage delinquency was seen during the recession.
  3. Mortgage delinquency can lead to foreclosure if not addressed.
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