Tag: recede

Borrowers continue to be resilient as mortgage delinquencies recede 

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