Bank of America Corp.'s acquisition of struggling mortgage company Countrywide Financial Corp. is proceeding as planned despite skyrocketing delinquency rates in the lender's mortgage portfolio, the bank says.

Delinquency rates on residential mortgages rose in Pennsylvania in the second quarter, propelled by a sharp increase in late payments by homeowners with spotty credit histories, a trade group reported Thursday.

Delinquency rates on residential mortgages rose in Pennsylvania in the second quarter, propelled by a sharp increase in late payments by homeowners with spotty credit histories, a trade group reported Thursday.

Delinquency rates on residential mortgages rose in Pennsylvania in the second quarter, propelled by a sharp increase in late payments by homeowners with spotty credit histories, a trade group reported Thursday.

National delinquency rates on mortgages rose in the second quarter as did the rate of loans going into foreclosure, according to a study released this morning by the Mortgage Brokers Association.

NEW YORK — Mortgage defaults on investment properties are playing a major role in rising loan delinquency rates across the nation — and especially in California and Florida — according to research by the Mortgage Bankers Association.

Mortgage defaults on investment properties are playing a major role in rising loan delinquency rates nationwide -- especially in Florida -- as speculators who can't find buyers amid a housing slump simply walk away from mortgages, says the Mortgage Bankers Association.

Mortgage defaults on investment properties are playing a major role in rising loan delinquency rates nationwide -- especially in Florida -- as speculators who can't find buyers amid a housing slump simply walk away from mortgages, says the Mortgage Bankers Association.

NEW YORK - Mortgage defaults on investment properties are playing a major role in rising loan delinquency rates nationwide - and especially in California and Florida - according to research by the Mortgage Bankers Association.

Mortgage Defaults By Investors Fuel Growth In Delinquency Rates, Bankers Say Mortgage defaults on investment properties are playing a major role in rising loan delinquency rates across the nation - and especially in California and Florida - according to research by the Mortgage Bankers Association.