MBA: Mortgage Delinquency Rates increase in Q1, Foreclosure Inventory Down Sharply

MBA: Mortgage Delinquency Rates increase in Q1, Foreclosure Inventory Down Sharply

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 7.25 percent of all loans outstanding at the end of the first quarter of 2013, an increase of 16 basis points from the previous quarter, but down 15 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

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