Mortgage Delinquency Rate at 11-Year Low

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According to the latest CoreLogic Loan Performance Insights Report, 4.3% of mortgages were in some stage of delinquency in March, 2018.  This figure is not only down one percentage point from a year ago, it is also at the lowest level since March, 2007.  March’s foreclosure inventory rate (the share of mortgages in some stage of the foreclosure process) came in at 0.6%, down from 0.8% one year ago.  CoreLogic points out that the foreclosure rate is back to the pre-crisis level of 0.6%.

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Director of Education & Outreach, National Real Estate Investors Association

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