Posted To: MND NewsWire
Mortgage performance continues to improve and CoreLogic says “households have found creative ways to cut back on spending to prioritize mortgage payments. In a recent CoreLogic survey, over 30 percent of respondents said they would cut back on both entertainment and travel to focus on repaying outstanding debt.” The national delinquency rate, the percentage of all mortgages that were 30 or more days past due, including those in foreclosure, fell 0.2 percentage points from July to 4.0 percent in August. This represents a 2.5 percentage point drop from August of 2020. The share of loans that were in early-stage delinquencies, that is 30 to 59 days past due, fell to 1.1 percent from 1.5 percent a year earlier. Those that were 60 to 89 days past due fell from 0.8 percent to 0.3 percent. Serious…(read more)
Source: Mortgage News Daily
