The delinquency rate for mortgage loans on residential properties in Maryland was 9.46 percent at the end of the second quarter of 2011, an increase of 37 basis points from the first quarter of 2011, according to the Mortgage Bankers Association (MBA). The delinquency rate excludes loans in the process of foreclosure. The percentage of loans in Maryland on which foreclosure was started during the quarter fell 10 basis points to 0.8 percent, while the percentage of loans in the foreclosure process at the end of the quarter rose 14 basis points to 3.66 percent. The delinquency rate for prime adjustable-rate mortgages (ARMs) increased 37 basis points to 13.59 percent and the rate for prime fixed-rate mortgages (FRMs) increased 22 basis points to 5.08 percent. The delinquency rate for sub-prime ARMs increased 102 basis points to 31.83 percent, while the rate for sub-prime FRMs increased 161 basis points to 26.43 percent. The delinquency rates for FHA and VA loans were 13.86 percent and 6.25 percent, respectively—up 100 basis points for FHA loans and up 45 basis points for VA loans. The foreclosure starts rate for prime ARMs in Maryland decreased 47 basis points to 1.23 percent, while the rate for prime FRMs decreased three basis points to 0.43 percent. The foreclosure starts rate for sub-prime ARMs increased 61 basis points to 3.53 percent, while the rate for sub-prime FRMs increased 60 basis points to 2.95 percent. The percentage of prime ARMs in foreclosure increased four basis points to 7.37 percent and increased 11 basis points to 1.94 percent for prime FRMs. The rate for sub-prime ARMs increased 30 basis points to 18.99 percent, while the rate for sub-prime FRMs increased 67 basis points to 9.74 percent. The percentage of FHA loans in foreclosure increased seven basis points to 2.76 percent. The percentage of VA loans in foreclosure increased 12 basis points to 1.75 percent. Among the 50 states and the District of Columbia, Maryland ranked ninth in delinquencies and 23rd in foreclosures started. Mississippi ranked first in delinquencies with a rate of 12.86 percent and Nevada ranked first in foreclosure starts with a rate of 2.25 percent. On a national level, the delinquency rate for mortgage loans on one –to four-unit residential properties was 8.11 percent on a non-seasonally adjusted basis, up 32 basis points from 7.79 percent in the first quarter of 2011. The seasonally adjusted delinquency rate on residential properties was 8.44 percent in the second quarter, up 12 basis points from last quarter’s seasonally adjusted rate. The non-seasonally adjusted percentage of loans in which foreclosure was started during the quarter decreased 12 basis points to 0.96 percent, while the non-seasonally adjusted percentage of loans in the foreclosure process at the end of the quarter fell nine basis points to 4.43 percent.