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11-Month High for Mortgage Delinquency

Mortgage delinquency ascended to the highest level in 11 months as loan performance continues to be impacted by last year’s hurricanes. Foreclosures held steady though.

Last year concluded with the rate of 30-day delinquency on residential loans, including foreclosures, at 5.3 percent — the highest it’s been since January 2017.

The non-current rate escalated from the preceding month, when it was 5.1 percent. But no change was noted versus the final month of 2016.


Source: Mortgage Daily