Mortgage Delinquencies Decline, but What Does It Mean?

"Stricter lending rules have helped curb the number of mortgage delinquencies. Agencies from the FHA to Fannie Mae and Freddie Mac are reporting a decreasing number of people who are behind on mortgage payments.

But while it seems that mortgage delinquencies have peaked, the number of people still behind on mortgage payments remains high. Anyone looking for good news in the numbers will have to look past the 4.9 million borrowers who haven't made a mortgage payment in at least three months."