Although rumors abound that reserves in the Federal Housing Administration's capital cushion may turn negative sometime next year, delinquencies on government-backed loans — including those in the 90-day plus category — fell in the third quarter, according to brand new figures released by the Mortgage Bankers Association.

MBA reported that all FHA loans had a delinquency rate of 11.14% at Sept. 30 compared to 11.89% in June and 12.09% a year ago.

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