The early part of 2004 brought some good news on the servicing front: by most measures, delinquencies of subprime mortgages notched downward. Inside B&C Lending’s first quarter survey of servicers, as well as a review of securitization prospectuses, revealed a weighted average 30-plus-day delinquency rate of 8.91 percent, down from 9.09 percent in December.