The national mortgage delinquency rate fell to 6.44% in Q3, from 6.67% (no thanks to Nevada),...

|By:, SA News Editor

The national mortgage delinquency rate fell to 6.44% in Q3, from 6.67% (no thanks to Nevada), the largest quarterly decline since 2006, and double the drop seen in Qs 1 and 2. Still, given the amount of foreclosures banks are holding on their books; a new round of ARM resets; and a stubborn unemployment rate - "the positive three quarter trend might quickly abate." (TransUnion)