More prime borrowers delinquent

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The housing crisis has become less severe for subprime borrowers but continues to be a problem for prime borrowers, those with better credit. Prime foreclosure starts jumped 83 percent in May, while subprime foreclosures fell 16 percent, according to the Hope Now Alliance, a group of mortgage servicers and investors. The total number of mortgages that were delinquent, or more than 60 days late, hit a record high of 5.65 percent in May.