Mortgage delinquencies for one- to four-unit residential properties declined slightly in the second quarter, but they remained elevated from a year earlier as more borrowers moved into later stages of delinquency. That’s according to the Mortgage Bankers Association (MBA)’s National Delinquency Survey released Thursday.

The seasonally adjusted mortgage delinquency rate fell to 4.37% of all loans outstanding at the end of the second quarter, down 7 basis points from the first quarter but up 44 bps from a year earlier.

The share of loans in the foreclosure process increased to 0.67%, up 3 basis points from the first quarter details ⇒

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