The national delinquency rate continued its downward slide in 2012, falling to just over 7% at March 31, down 6% from the month prior, according to new figures compiled by Lender Processing Services (LPS) for its First Look Mortgage Monitor report.

March represents the third consecutive month that the delinquency rate for the 40 million mortgages tracked by LPS declined and sets a new low not seen since August 2008.

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