Delinquent mortgages fell to 7.57% in February, a big drop from 7.97% in January and 8.8% a year...

|By:, SA News Editor
Delinquent mortgages fell to 7.57% in February, a big drop from 7.97% in January and 8.8% a year earlier, according to the LPS Mortgage Monitor. The rate hit nearly 11% in January 2010. Bill McBride says a normal rate is in the 4-5% range, "so there is still a long way to go."