Delinquent mortgages decline in Wisconsin – Puget Sound Business Journal (Seattle):
The delinquency rate excluded loans in the processof foreclosure. The percentage of loane in Wisconsin on which foreclosure was startefd during the quarter rose 12 basis points to 1 while the percentage of loans in the foreclosurse process at the end of the quarter rose 29 basis pointeto 3.11 percent. The rates are not seasonally adjusted. Mortgagd delinquency rates normally drop in the first quartet of the year after peakingat year-end due to a variety of seasonal The delinquency rate for prim e adjustable rate mortgage loans decreased 75 basias points to 8.49 percent and the rate for prime fixesd rate mortgage loans decreased 32 basis pointx to 3.07 percent.
The delinquency rate for the subprimee ARM loans decreased 156 basisx pointsto 25.25 percent, while the rate for subprime fixed rate loans decreased 136 basis points to 20.47 percent.
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