The Mortgage Bankers Association (MBA) released its quarterly National Delinquency Survey for the second quarter last week.

The MBA reported that delinquencies on a seasonally adjusted basis increased 28 basis points to 5.12% from 4.84%. Increases were recorded for prime, subprime and Federal Housing Authority (FHA) loans, while delinquencies on Department of Veterans Affairs (VA) loans fell 34 basis points to 6.15%. Specifically, the delinquency rate on prime loans rose 15 basis points to 2.73%, 105 basis points to 14.82% on subprime and 43 basis points on FHA loans to 12.58%.

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