The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56 percent of all loans outstanding at the end of the first quarter of 2023, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate was down 40 basis points from the fourth quarter of 2022 and down 55 basis points from one year ago. The percentage of loans on which foreclosure actions were started in the first quarter rose by 2 basis points to 0.16 percent. “The mortgage delinquency rate fell to its lowest level for any first quarter since ... (full story)