Home Mortgage Delinquencies Drop: The delinquency rate...

Home Mortgage Delinquencies Drop: The delinquency rate for home mortgages fell sharply during the first three months of 1990 after jumping sharply in the last half of 1989, the Mortgage Bankers Assn. of America reported. The trade group said a seasonally adjusted 4.41% of mortgage payments for one- to four-family homes were 30 or more days late. That compares to a 4.96% rate in the fourth quarter of 1989 and 4.99% in the third quarter. The rates were 4.64% in the second quarter of 1989 and 4.56% in the first quarter.