Last year saw a decline in the rate of seriously delinquent home loans and a reduction in the number of completed foreclosures. In addition, mortgage servicers are managing to speed up the time it takes to resolve distressed assets.

Residential delinquency of at least 90 days finished last year around 50 basis points better than at the end of 2010.

The number of mortgages in foreclosure as of Dec. 31, 2011, declined 8.4 percent from a year earlier.

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