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MBA Reports Increase in 4Q07 Delinquencies and Foreclosures

The Mortgage Bankers Association (MBA) came out with its quarterly fourth quarter National Delinquency Survey results last Thursday. According to the report, seasonally adjusted delinquencies rose to 5.82% from 5.59% in 3Q07, and are up 87 basis points from the end of the 2006. By loan type, the survey reported...

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