WASHINGTON - Fourth-quarter figures from the Mortgage Bankers Association give a mixed view of the economy: more people made late payments on their mortgages but fewer homes went into foreclosure.

The delinquency rate for loans on one- to four-unit residential properties rose 12%, to 4.54%, the MBA's national delinquency survey showed. At the same time, the number of loans on which foreclosure was initiated fell 6.5%, to 0.29%, and the number of loans in foreclosure rose by just over 1%, to 0.85%.

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