HousingWire reports the Federal Reserve Bank of Dallas says the absence of large quantities of subprime loans in Texas may have kept the state from the depths of the housing crisis.  Their percentage of foreclosures is half the level of the rest of the nation, and according to CoreLogic, the negative equity of Texas homes is 11 percent compared to 23 percent for the rest of the nation.  Their state’s 30- to 60-day delinquency rate is higher than other states, but they seem to make it up on their third payment.  This hurts their credit rating, but it also avoids foreclosure.