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Serious Delinquency Rate by State for Q3

According to the latest Mortgage Bankers Association’s National Delinquency Survey, the delinquency rate for mortgage loans on 1-4-unit residential properties at the end of Q3 decreased 57 basis points to a seasonally adjusted rate of 7.65% of all loans outstanding. The MBA says the decrease was driven by a sharp decline in newer 30-day delinquencies and 60-day delinquencies. However, they caution that later-stage delinquencies continued to grow, reaching their highest level since Q4 of 2013. Continue reading HERE...

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