The mortgage delinquency rate dipped to a 12-year low, but overvalued housing markets and eventual reversal in the unemployment rate present risk for future delinquencies, according to CoreLogic. About 4% of mortgages reached or maintained a state of delinquency or foreclosure in August, a drop off from 4.6% year-over-year and a month-over-month edge down from […]
Mortgage delinquencies inched up, in part from natural disasters hindering homeowner performance, but a stronger economy is still keeping them low, according to the Mortgage Bankers Association. The delinquency rate for single-family residential properties rose slightly to 4.47% of all loans outstanding at the end of the third quarter, marking an increase of 11 basis […]
Signs such as this were common during the Great Recession 10 years ago. Foreclosures and mortgage delinquency rates now stand at pre-recession levels across the country. Foreclosure News
The serious mortgage delinquency rate sank to its lowest June reading in 11 years, though recent natural disasters pose risk to loan performance in affected areas, according to CoreLogic's Loan Performance Insights Report. The serious delinquency rate, measuring mortgages 90 or more days past due , ticked down to 1.7% in June from 1.9% a […]
The mortgage delinquency rate dropped to its lowest level in 12 years despite foreclosure starts and active foreclosures both increasing in July, according to Black Knight. Mortgage delinquencies fell by 3.35% in July from June, and now sit at 3.61%. Foreclosure News
The first serious mortgage related impact from last fall's hurricanes started to hit home in July . Foreclosure starts rose 11 percent from June, with the greatest change 19 percent, in storm affected parts of Texas. Foreclosure News
Earlier this week, we noted that the New York Fed's quarterly household debt data showed a collapse in the share of consumers facing collections for bad debts. On Thursday, quarterly data from the Mortgage Bankers' Association relating to mortgage bankruptcy and delinquency showed similar results. Foreclosure News
The effects of Hurricane Irma continue to be felt in the Southeast, with Florida the only state to report an increase in its delinquency rate in May. The rate in the state was up 1 percentage point compared to May 2017 and gave Florida the third highest rate in the nation at 6.2 percent. CoreLogic, […]
Mortgage performance seems to be sliding past the metrics measuring the world prior to the 2008 housing crisis and is now setting new benchmarks for the 21st Century. Black Knight, in its first look at June loan data, says some indicators of loan distress are the lowest since the end of the dot.com recession. Foreclosure […]
Jill Schramm/MDN A proposed housing development just outside Berthold that broke ground in 2014 currently is among properties in foreclosure in Ward County. That's not quite doubled from last year, but it reflects an increasing number of incidents in which property owners are letting taxes fall into arrears. Foreclosure News