Bubble Wrap

Mortgage delinquencies not rising

The NY Times reports that the Mortgage Bankers Association data shows almost no significant changes in Keeping Delinquencies at Bay

Late last month, the association released figures showing that in the first three months of this year, delinquencies on one- to four-unit residential properties rose slightly from the same period a year earlier, to 4.41 percent from 4.31 percent, but dropped slightly from late 2005, when delinquencies reached 4.7 percent. Delinquencies are defined as loans 30 days past due.