"Improvement" in Mortgage Delinquencies

While it is true that 9 is less than 10, you have to see the chart at the link to understand that "improvement" is a relative term, indeed.

See it?

From 1995 through 2005, the mortgage delinquency/foreclosure rate hung around 5.5%.

Then it climbed to just under 15%.

Now it has "improved" to around 10%.

It's the Obozo Improvement!! 

Look a little harder at that chart to see the unicorns.