MBA: Second Quarter Foreclosure Starts at Lowest Level Since 1987
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The delinquency rate on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.36% as of the end of the second quarter, down 27 basis points from the 4.63% previous quarter, but up 12 basis points from 4.24% in the second quarter of 2017, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. READ MORE