Mortgage Delinquency Rates Spike in Q2

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According to the Mortgage Banker Association’s latest National Delinquency Survey, mortgage delinquencies spiked 386 basis points from Q1 to Q2, coming in at a seasonally adjusted rate of 8.22% – which they say is the highest overall delinquency rate in nine years. The MBA says that the pandemic’s effects on some homeowners’ ability to make mortgage payments could not be more apparent.  Indeed…

Click here to read more at the Mortgage Bankers Association.

 

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Director of Education & Outreach, National Real Estate Investors Association

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