First-Time Delinquencies Lowest in Six Years

New York, NY, May 6, 2013 -- First-time delinquent home loans fell to 0.84% of the 50.2 million mortgages in March, according to Lender Processing Services.

That's the first time it's been below 1% since 2007, according to the report.

First-time delinquencies hit their highest level at 2.89% in January 2009.