> Mortgage lenders are reporting similar strains. According to Knight Black's latest Mortgage Monitor, a typical first quarter sees the national delinquency rat

> Mortgage lenders are reporting similar strains. According to Knight Black's latest Mortgage Monitor, a typical first quarter sees the national delinquency rate decline by 15 percent as borrowers use tax refund proceeds to catch up on their household finances. The first three months of 2019, however, marked the smallest drop in delinquency rates since 2009. Zoom out: https://fred.stlouisfed.org/series/DRSFRMT100S https://fred.stlouisfed.org/series/DRSFRMT100S There's a nearly unbroken downward trend back to 2010. Also, it would be nice if the article reported the Q1 2019 drop. The Fed data doesn't appear to show an unusually high drop during any quarter.