Delinquencies Archives

U.S. mortgage delinquency rates remain near historic lows: CoreLogic

April 26, 2024 mpsingh No Comments Real estate CoreLogic, Delinquencies, delinquency, Foreclosure, Historic, lows, Mortgage, rates, remain, U.S

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 percentage-point decrease from February 2023. The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and [...]read moreU.S. mortgage delinquency rates remain near historic lows: CoreLogic

Foreclosures Are Rising Quickly, and CRE Delinquencies Are Exploding—What’s Going On?

April 4, 2024 mpsingh No Comments Real estate CRE, Delinquencies, ExplodingWhats, Foreclosures, Quickly, Rising

In this article Home foreclosures are on the rise. Is this the start of a housing collapse and the buying bonanza for real estate investors touted for the last two years, or a mere blip? Foreclosure rates have steadily risen since interest rates increased in conjunction with the home affordability crisis. According to Redfin, only 15.5% of [...]read moreForeclosures Are Rising Quickly, and CRE Delinquencies Are Exploding—What’s Going On?

Borrowers continue to be resilient as mortgage delinquencies recede

March 24, 2024 mpsingh No Comments Real estate Borrowers, continue.., Delinquencies, Foreclosure, Mortgage, mortgage rates, recede, Refinancing, resilient

Mortgage delinquencies improved again in February as prepayment activity increased moderately. The national delinquency rate eased to 3.34% in February, down from 3.38% in January, according to an Intercontinental Exchange (ICE) mortgage performance report released Thursday. February’s rate was also 11 basis points lower than it was a year ago. In February, serious delinquencies (loans [...]read moreBorrowers continue to be resilient as mortgage delinquencies recede