The delinquency rate for U.S. real estate loans in commercial mortgage-backed securities has fallen below 4 percent, its lowest level since the 2008 financial crisis. The CMBS loan delinquency rate fell to 3.95 percent in June, a decrease of 17 basis points from May, and 94 basis points lower than the beginning of the year, […]
Historically, mortgage delinquencies in the month of April have risen 85% of the time, but April 2018 bucked that trend as they fell, according to Black Knight. The total delinquency rate dropped 10.17% year-over-year in April and 1.6% from the previous month to 3.67%, its second lowest level in 12 years. Foreclosure News
The delinquency rate for U.S. real estate loans in commercial mortgage-backed securities has fallen to the lowest level since the 2008 financial crisis. The CMBS loan delinquency rate fell to 4.12 percent in May, a decrease of 24 basis points from April, and 77 basis points lower than the beginning of the year, according to […]
Loan performance continued to improve in April, even though Black Knight says mortgage delinquencies have a historic pattern of increasing during that month. The overall delinquency rate declined 1.6 percent from March to a national rate of 3.67 percent. Foreclosure News
Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news. The Mortgage Bankers Association says the first quarter of 2018 saw even more progress in reducing delinquencies, improvement noted across all categories of distress. Foreclosure News
In the company's loan performance report for January, Frank Martell, CoreLogic's president and CEO said, “Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year. Declines in the unemployment rate have supported a rise in income and home-price growth has […]
Default rates for securitized U.S. commercial real estate loans last month increased for the first time in nearly a year, according to Trepp. The overall March delinquency rate of 4.55% for CRE loans backing commercial mortgage-backed securities was 4 basis points higher than the February mark. Foreclosure News
The delinquency rate for U.S. real estate loans in commercial mortgage-backed securities dropped for the eighth straight month in February. The CMBS loan delinquency rate fell to 4.51 percent, a decrease of 32 basis points from January, and the lowest level since Feb. 2016, according to Trepp, a CMBS loan analyst. Foreclosure News
Calendar-driven effects and fewer hurricane-related delinquencies resulted in a 210,000-loan decline in the number of past-due mortgages 146,000 loans remain delinquent as a result of Hurricanes Harvey and Irma, 132,000 of which are seriously delinquent An early look at January data on the mortgage market in Puerto Rico shows an additional 57,000 loans still delinquent […]
Transition Rates for 60-Day and 90-Day Delinquency Rose Sharply in Texas and Florida Likely Due to 2017 Hurricanes )–CoreLogicA , a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 5.1 percent of mortgages were in some stage of delinquency in November 2017. […]