The rate of serious mortgage delinquency continued to hover around the lowest level in a decade. It was the same story for the nation’s foreclosures.
Single-family loans that were either at least 30 days past due or in the foreclosure inventory accounted for 4.5 percent of all loans as of mid-2017.
Mortgage delinquency was the same as previously reported for May. But the rate of late payments improved from 5.3 percent as of June 2016.
Source: Mortgage Daily
