With the peak impact of last year’s hurricanes finally subsiding, the performance of U.S. mortgages improved. Government-insured performance improved more than it ever has.
America’s book of single-family loans ended the first quarter of this year with 5.79 percent of all mortgages either at least 30 days past due or in the foreclosure inventory.
The rate, presented in the Mortgage Bankers Association’s National Delinquency Survey Q1 2018, was improved from 6.36 percent at the end of last year. On the same date in 2017, the non-current rate worked out to 6.10 percent.
Source: Mortgage Daily
