The rate of delinquent payments on bank-serviced mortgages has improved over the past year, though there was no quarter-over-quarter change. Fewer foreclosures were started and completed.
Delinquency of at least 30 days, including foreclosures, on residential loans that are serviced by major U.S. banks was determined to be 4.4 percent as of the end of June.
Delinquency didn’t move compared to the preceding three-month period. But an improvement has been made since mid-2017, when the non-current rate was 4.6 percent.
Source: Mortgage Daily