While there was no month-over-month change in serious mortgage delinquency, there was a year-over-year improvement. Miami saw a significant increase.
The Composite Consumer Credit Default Index — an indication of 90-day delinquency on first and second mortgages, bank cards and automobile loans — was 0.96 percent in March.
Although there was no change in serious consumer delinquency versus a month earlier, the 90-day rate has worsened from a year earlier, when the rate was 0.94 percent.
Source: Mortgage Daily