2012-03-21mortgagedaily.com

The rate of serious delinquency on first mortgages was down for the second month in a row, while past-due payments on second mortgages fell to the lowest level in at least three years.

At 2.02 percent, last month's first-mortgage delinquency of at least 90 days was 6 basis points better than January.

It was the second consecutive month that late payments retreated.



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