Mortgage delinquencies fell in Colorado during first quarter

WASHINGTON, D.C. – The delinquency rate for mortgage loans on residential properties in Colorado was 5.48 percent at the end of the first quarter, a decrease of 13 basis points, according to the Mortgage Bankers Association’s latest delinquency survey.

Nationally, the combined percentage of loans in foreclosure and at least one payment past due — mortgage holders not current on their mortgages — was 12.07 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA survey’s 37-year history. Foreclosure actions were initiated on 1.37 percent of first mortgages during the first quarter, a 29 basis point increase…