In their most recent Loan Performance Insights Report, CoreLogic says that, across the nation, 5% of mortgages were in some stage of delinquency in September 2017, which is 0.2 percentage points less than it was in September 2016. The foreclosure inventory rate was 0.6%, which was also down 0.2 percentage points from 2016. In addition, CoreLogic says that both August and September experienced the lowest foreclosure inventory rate since June 2007 when it was also 0.6%.
“While natural hazard risk was elevated in 2017, the economic fundamentals that drive mortgage credit performance are the best in two decades,” said Frank Martell, president and CEO of CoreLogic. “The combination of strong job growth, low unemployment rates, steady economic performance and prudent underwriting has led to continued improvement in mortgage performance heading into next year.”
Click here to read the full report on corelogic.com.
