It’s been nearly a decade since the rate of serious mortgage delinquency has been this low. Early stage delinquency, meanwhile, sank to a 17-year low.
U.S. single-family loans that were delinquent at least 30 days or in the foreclosure inventory accounted for 4.4 percent of all loans outstanding as of March 31.
Mortgage delinquency retreated versus one month previous, when the non-current rate on residential loans was previously reported at 5.0 percent.
Source: Mortgage Daily
