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Mortgage delinquency rate drops in Colorado, nation

Mortgage delinquencies on residential properties in Colorado dropped in the third quarter of the year, keeping the state with one of the lowest rates nationally, a national banking association reported Thursday.

Coupled with a delinquency rate of 5.04 percent, the number of foreclosures started in the quarter fell to 0.57 percent, and the number of loans in foreclosure — 1.66 percent — also dropped.

Reported by: The Denver Post

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