Mortgage delinquency has been falling and is forecasted to continue the decline, though the rate of improvement is expected to slow.
Delinquency of at least 60 days on the nation’s residential loans is expected to conclude the fourth quarter of this year at 2.21 percent.
That would be an improvement of 25 basis points compared to the the fourth-quarter 2015, when the past-due rate was 2.46 percent.
Source: Mortgage Daily
