The CoreLogic Loan Insights Report report focuses on U.S. mortgage performance trends. The data gathered is based on mortgage performance health, stages of delinquency as well as transition rates from one stage of delinquency to the next.
In its previous report, released in February 2019, CoreLogic revealed that in November 2018, 4.1 percent of home mortgages were in some stage of delinquency—declining from 5.2 percent a year earlier and the lowest for the month of November in at least 18 years. For the month of November, the share of delinquent mortgages was highest in 2009 in the same period at 11.5 percent. The report indicated that the share of delinquent mortgages fell below the level from the pre-crisis period, an average of 4.7 percent from 2000 to 2006) starting in March 2018.
The foreclosure inventory rate—which is the share of mortgages in some stage of the foreclosure process—was 0.4 percent in November 2018, down from 0.6 percent a year earlier. The report stated that this is the lowest foreclosure rate in at least 18 years and is below the average pre-crisis level of 0.6 percent.
CoreLogic will release its latest loan performance insights report on March 12, Tuesday, 9 a.m. ET
Here’s what else is happening in the week ahead:
- Census Bureau New Home Sales, Monday 10:00 AM ET
- MBA Mortgage Applications, Wednesday, 7:00 AM ET
- NAR New Home Sales, 10:00 AM ET
- Construction Spending, Wednesday, 10:00 AM ET
- Fed Balance Sheet, Thursday, 4:30 PM ET
- Event Freddie Mac Primary Mortgage Market Survey, Thursday, 10 a.m.
- Census Bureau New Residential Sales report, Thursday, 10:00 AM ET