(Reuters) - The delinquency rate for mortgage loans on one- to
four-unit residential properties stood at 4.84 percent of all
loans outstanding in the first quarter on a seasonally adjusted
basis, down 11 basis points from the fourth quarter and up 43
basis points from a year ago, according to the MBA's National
Delinquency Survey.
The delinquency rate does not include loans in the process
of foreclosure. The percentage of loans in the foreclosure
process was 1.28 percent of all loans outstanding at the end of
the first quarter, an increase of nine basis points from the
fourth quarter of 2006 and 30 basis points from one year ago.
Read more at Reuters.com Bonds News
four-unit residential properties stood at 4.84 percent of all
loans outstanding in the first quarter on a seasonally adjusted
basis, down 11 basis points from the fourth quarter and up 43
basis points from a year ago, according to the MBA's National
Delinquency Survey.
The delinquency rate does not include loans in the process
of foreclosure. The percentage of loans in the foreclosure
process was 1.28 percent of all loans outstanding at the end of
the first quarter, an increase of nine basis points from the
fourth quarter of 2006 and 30 basis points from one year ago.
Read more at Reuters.com Bonds News
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