Data powerhouse CoreLogic is reporting that in February, 5% of all mortgages were in some stage of delinquency – down from 5.5% from one year ago. In addition, loans that were 30-59 days past due (early-stage delinquencies) were 2.1% and the share of mortgages 60-89 days past due was at 0.7%. Both of these two figures are virtually unchanged from a year ago.
Key takeaways:
- Early-stage delinquencies were unchanged from a year ago
- The current-to 30-day transition rate increased in February 2017 from a year earlier
- The New York City metro area had the highest delinquency rate at 7.6%
- San Francisco had the lowest delinquency rate of the largest metropolitan areas, coming in at 1.9%
Click here to read the full story on CoreLogic.com
