Foreclosures, home loan delinquencies slip in first quarter Premium Content

Modest increases expected this year, trade group says

Inman News®

Residential mortgage foreclosures and delinquencies slipped in the first quarter of 2006 from the previous quarter and year-ago figures, according to a national industry survey released today, with modest increases expected in the quarters ahead.

The percentage of home loans in the foreclosure process was 0.98 percent at the end of the first quarter, down 1 basis point from the previous quarter and 10 basis points from a year ago.

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