Delinquencies

Serious Mortgage Delinquency Rates on the Rise

In August, the daylight between early-stage delinquencies and seriously past-due mortgages continued to swell, according to Black Knight’s “first look” at August’s month-end mortgage performance statistics, which covers the majority of the national mortgage market. On the heels of falling a combined 0.85 basis points over the previous two months, overall, the national delinquency rate … The post Serious Mortgage …

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Ten Places Most Affected By Delinquencies

A number of metros in seven states are under enhanced siege by a percolating number of FHA delinquencies, jeopardizing homeowners and neighborhoods, according the AEI.org. A cocktail of factors place them at pronounced risk. They include, a large FHA portfolio containing a high percentage of delinquent loans (>17%) or seriously delinquent loans (>10%); these percentages … The post Ten Places …

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‘Clouds on the Horizon’ for Mortgage Delinquencies

The nation’s overall delinquency rate for May reached its highest level since February 2014, according to the latest Loan Performance Insights report published by CoreLogic. During May, 7.3% of mortgages were delinquent by at least 30 days or more. The number includes those in foreclosure. This represents a 3.7% increase from the May 2019 overall … The post ‘Clouds on …

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Ginnie Mae: Forbearance Levels Remain Low

Report reveals delinquencies have returned to pre-crisis levels. Most homeowners in forbearance cite financial problems linked to the COVID-19 pandemic. Forbearance numbers for federal home loan programs remained low during August, according to the latest GNM Mortgage Credit Monthly Report published by Recursion. In the current state of the Ginnie Mae portfolio, 14.23% of mortgages … The post Ginnie Mae: …

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