The Mortgage Bankers Association's (MBA) quarterly National Delinquency Survey reported the delinquency rate for mortgage loans on one to four unit residential properties was 6.41% of all loans outstanding as of the end of 2Q08. 

This is up six basis points from the first quarter and up 129 basis points from a year ago. The MBA noted that the increased was comprised primarily of increases in delinquencies for prime loans: 22 basis points for prime loans, negative 12 basis points for subprime loans, negative nine basis points for Federal Housing Administration loans and negative 40 basis points for Department of Veteran Affairs loans. 

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