BANKING AND FINANCE
From Times Staff and Wire Reports
Mortgage Delinquencies at 20-Year Low: An improving economy and record refinancings drove down delinquencies in the fourth quarter, according to the Mortgage Bankers Assn., which predicted further declines this year. Every region in the nation registered improvements, although problems persisted in California, where the recession continues to batter much of the state, which contains 13% of the nation’s housing loans.