Mortgage delinquency continued to deteriorate as servicers are still managing the fallout in states impacted by last year’s hurricanes. Foreclosure activity has yet to be affected.
At the conclusion of last year, 6.36 percent of all U.S. single-family loans outstanding were either at least 30 days past due or in the foreclosure inventory.
The non-current rate worsened from 6.11 percent as of Sept. 30. Delinquency was also escalated compared to 6.33 percent as of Dec. 31, 2016.
Source: Mortgage Daily