Foreclosure Starts Decrease for FHA Loans

The non-seasonally adjusted foreclosure starts rate in the fourth quarter of 2009 was 1.20%, a decrease of 22 basis points from the third quarter of 2009 rate of 1.42%, according to the MBA's National Delinquency Survey.

By loan type, the foreclosure starts rate decreased three basis points for FHA loans (from 1.31% to 1.28%), and six basis points for VA loans (from 0.87% to 0.81%).