Delinquent mortgages down
From Times wire reports
The percentage of outstanding mortgages that were delinquent fell to 4.28% from 4.62% in the second quarter and was the lowest since 3.98% in the third quarter of 2000, said the Mortgage Bankers Assn.
The percentage of home loans in foreclosure in the third quarter held at 1.12%, unchanged from the second quarter.
But the percentage of home loans entering foreclosure rose to 0.38% from 0.32% in the second quarter, suggesting that the percentage of loans going bad could inch higher next quarter before declining, the trade group said.
