Seriously delinquent U.S. mortgages fell to the lowest level since 2008 as employment improved and recovering housing demand enabled struggling borrowers to sell without losing money. Home loans that were more than 90 days behind or in the foreclosure process fell to 6.78 percent of mortgages in the third quarter from 7.03 percent in the previous three months, the Mortgage Bankers Association said in a report today. The rate was 7.73 percent a year earlier. Delinquent borrowers are catching up on payments or finding alternatives to foreclosure as the U.S. economy improves, easing a threat to the housing recovery. The ... (full story)