Serious Delinquency Rate Lowest Since 2020

According to the latest CoreLogic Loan Performance Insights Report, the serious delinquency rate (90 days or more past due) was 3.2% in May, roughly two times that of a year earlier but down from a recent high of 4.3% in August 2020 and down to the lowest rate since the initial jump in serious delinquencies in June 2020. In addition, they report that the nation’s overall delinquency rate was 4.7% in May with all U.S. states and metro areas posting annual decreases in their overall delinquency rates. Continue reading HERE...