Serious Delinquency Rate Continue to Fall

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According to recent data, the number of mortgages across the country that are in a state of “serious delinquency” continue to fall.  The NAHB’s Eye on Housing blog analyzed the numbers from a recent Mortgage Bankers Association report that said in 2018, non-seasonally adjusted serious delinquency rates of conventional and government-insured loans continued to follow a downward trajectory.  Indeed…

“The overall national mortgage delinquency rate in the fourth quarter was at its lowest level since the first quarter of 2000,” said Marina Walsh, MBA’s Vice President of Industry Analysis. “What’s even more noteworthy, the delinquency rate dropped from the previous quarter and on a year-over-year basis across all loan types and stages of delinquency.”

Click here to read the full analysis at the NAHB’s Eye on Housing.

Click here to read the full report at the Mortgage Bankers Association.

 

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Director of Education & Outreach, National Real Estate Investors Association

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