In the nation's most populous state, delinquencies increased in the second quarter while the percentage of loans in foreclosure declined.That's according to the California Mortgage Bankers Association, which reported that the delinquency rate for mortgage loans on one- to four-unit residential properties rose 7 basis points to 2.73% in the second quarter. The percentage of loans in which foreclosure was started fell 3 bps to 0.15%, while the percentage of loans in the foreclosure process fell 9 bps to 0.37% in the second quarter.
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