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MBA Reports Higher Delinquencies and Foreclosures

The Mortgage Bankers Association (MBA) released its quarterly National Delinquency Survey for the second quarter last week.

The MBA reported that delinquencies on a seasonally adjusted basis increased 28 basis points to 5.12% from 4.84%. Increases were recorded for prime, subprime and Federal Housing Authority (FHA) loans, while delinquencies...

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