The non-current rate on consumer mortgages fell from the end of last year. The improvement came despite an increase in foreclosures initiated and completed.

As of March 31, delinquency of at least 30 days, including loans in foreclosure, on single-family loans owned by banks was 4.4 percent.

The non-current rate was better than 5.5 percent as of the conclusion of last year. There was no change, however, compared to the first-quarter 2017.

Source: Mortgage Daily