The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) dropped below 4 percent for the first time since 2008, ending Q4 2013 at 3.85 percent, according to TransUnion's Industry Insights Report.

The mortgage delinquency rate declined for the eighth consecutive quarter from 4.09 percent in Q3 2013 while dropping more than 24 percent from one year earlier (5.08 percent in Q4 2012).

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