Wednesday , 20 January 2021

Decline in Delinquencies Expected to Continue

By Jann Swanson

Posted To: MND NewsWire

While the overall percentage of non-current mortgage loans declined over the 12 months that ended in April, there was an uptick of those in the early stages of delinquency. CoreLogic’s Loan Performance Insights Report for April notes a half-point decline in the overall mortgage delinquency rate, to 4.8 percent. In April 2016 the rate, which includes loans 30 or more days past due, including those in foreclosure, was 5.3 percent. Early stage delinquencies, those 30 to 59 days past due, increased from 2.0 percent of all mortgages in April of 2016 to 2.2 percent. Loans that were 60 to 89 days overdue slipped from 0.64 percent to 0.63 percent. Serious delinquencies, defined as loans more than 90 days past due and/or in foreclosure declined from 2.6 percent to 2.0 percent over the course of the…(read more)

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