A mild month-over-month rise in the non-current single-family rate was reported. Areas driven by oil production have seen increasing serious mortgage delinquency.
At the end of July of this year, 4.6 percent of all U.S. residential loans were either past due at least 30 days or in the foreclosure inventory.
The latest reading on mortgage performance was slightly worse than in the preceding month, when the nation’s book of business had a 4.5 percent non-current rate.
Source: Mortgage Daily
