The delinquency rate on all outstanding residential mortgages fell to a three-year low in the fourth quarter with most loan types improving except for one product: Federal Housing Administration (FHA) loans.

According to figures compiled by the Mortgage Bankers Association (MBA), the national delinquency rate – excluding foreclosures – dropped to 7.58%, the lowest reading since 4Q08 when the rate was 7.88%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.