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Delinquencies and Foreclosures Increase in Latest MBA National Delinquency Survey
...From the previous quarter, prime fixed rate loan foreclosure starts increased 4 basis points to 0.22 percent, prime ARM foreclosure starts increased 40 basis points to 1.02 percent, subprime fixed foreclosure starts increased 3 basis points to 1.38 percent, subprime ARM foreclosure starts increased 88 basis points to 4.72 percent, and FHA foreclosure starts increased 16 basis points to 0.95 percent.

Since the third quarter of 2006, the foreclosure start rates for prime ARMs increased from 0.30 percent to 1.02 percent and the rate for subprime ARMs increased from 2.19 percent to 4.72 percent. The foreclosure starts rate for prime fixed loans increased from 0.13 percent to 0.22 percent and the rate for subprime fixed loans have increased from 0.97 percent to 1.38 percent. ...