August 2024 Mortgage Market Update
According to the most recent ICE Mortgage Monitor (formerly Black Knight), mortgage delinquencies saw a significant spike in June, increasing by 14.5% (+45 basis points) to 3.49%, the second highest level in 18 months. However, the number of loans in active foreclosure reached the lowest point since the end of COVID-era moratoria. The ICE Mortgage […]
Black Knight reports that early-stage delinquencies are on the rise.
According to Black Knight’s latest Mortgage Monitor, the delinquency rate for loans in the U.S. increased by 4 basis points in August, reaching 3.17%. However, this rate is still nearly one percentage point lower than the average for the same period between 2015 and 2019. The report also highlights a decline in serious delinquencies, with […]
US Mortgage Delinquencies Fall for 22nd Straight Month
[ad_1] According to the latest CoreLogic Loan Performance Insights Report, in January 2023, 2.8% of mortgages were delinquent by at least 30 days or more including those in foreclosure. This figure represents a 0.5-percentage point decrease in the overall delinquency rate compared with January 2022. CoreLogic says measuring early-stage delinquency rates is important for analyzing […]
Mortgage Delinquencies Increase in Q4 2022
[ad_1] According to the Mortgage Bankers Association’s recent National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.96 percent of all loans outstanding at the end of Q4 2022. The MBA says the delinquency rate was up 51 basis points from Q3 but still […]