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An interesting thing is that in the current state of the economy mortgage delinquencies are probably a fairly good leading indicator because they would be fairly representative of the number of people who will go through foreclosure later in the year; and that would directly relate to how readily available capital would be for lending, and where consumer confidence will be.

http://finance.yahoo.com/news/Mortgage-delinquencies-hit-apf-1442009590.html?x=0&sec=topStories&pos=7&asset=&ccode=