Mortgage delinquency turned higher last month. But the rate remains below its year earlier level, and serious mortgage delinquency improved. Current hurricane news reports provide a clue about areas likely to see deteriorating performance.
Including foreclosures, delinquency of at least 30 days on U.S. residential loans was reported at 4.3 percent for the month of June. The data is preliminary and could be revised.
The non-current rate worsened versus the preceding month, when it was previously reported at 4.2 percent. But the rate has improved from the same month in 2017, when it was an upwardly revised 4.6 percent.
Source: Mortgage Daily