FHA loans followed the general trend of rising delinquency rates in the entire mortgage market, as the percentage of loans at least 90 days past due or in default reached all-time highs for the fourth consecutive quarter. Data from the Department of Housing and Urban Development show a modest jump, but the Mortgage Bankers Association saw a pronounced spike in the foreclosure start rate as well as the delinquency rate for FHA loans. The seriously delinquent…