The single-family serious delinquency rate for Fannie Mae in February fell another three basis points down to 1.83 percent after dropping to a nine-year low of 1.86 percent in January. Fannie Mae's single-family serious delinquency rate has declined every quarter since the first quarter of 2010 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles.
Read More »Delinquency Rates Falling on Fannie Mae-Backed Mortgage Loans
The delinquency rate on residential mortgage loans backed by Fannie Mae declined across the board in 2014 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae's recently released annual report.
Read More »Delinquency Rate Tumbles in December, Reversing November’s Large Increase
Just one month after experiencing the largest monthly increase in six years, the nation's mortgage delinquency rate took a big tumble in December, according to Black Knight Financial Services' December 2014 "First Look" at Mortgage Data released Friday. The mortgage delinquency rate, or the number of mortgage loans that are 30 days or more past due but not in foreclosure, dropped down to 5.6 percent for December – a decline of 7.2 percent from November and 12.7 percent from December 2013.
Read More »Foreclosures Falling, But Delinquency Rate Climbing
The nation's foreclosure inventory fell to its lowest level in almost seven years in November, but the percentage of delinquent mortgage loans is on the rise, according to Black Knight Financial Services' November 2014 "First Look" at Mortgage Data.
Read More »Delinquency Write-Off Rate Continues to Drop
Equifax announced more good news for the housing market on Wednesday, signaling that the broader United States economy may be on the rebound despite a disappointing first quarter 2014. In its latest National Consumer Credit Trends Report, the company reports that home finance write-offs year-to-date in May had to $43.5 billion, a decrease of more than 37 percent from the same point in time just one year ago.
Read More »Colorado Delinquency Rates Fall in First Quarter
Serious mortgage delinquencies fell in Colorado from the fourth quarter of 2013 to the first quarter of 2014, according to the Colorado Division of Housing. Mortgage delinquencies of 90 days or more fell to 1.3 percent in the first quarter, down from 1.5 percent to close out 2013.
Read More »Early Delinquency Rates Increase; Foreclosures Decline in April
The Data and Analytics division of Black Knight Financial Services released its "First Look" at mortgage loan data as of the end of April 2014. The report found that the foreclosure rate is at its lowest point since 2008, and the number of seriously delinquent loans not in foreclosure is down over 200,000 since last year.
Read More »Mortgage Delinquency Rate Continues to Drop
The mortgage delinquency rate declined to 3.61 percent at the end of the first quarter of 2014, according to TransUnion's latest mortgage report. Overall, the mortgage delinquency rate has dropped 24 percent in the last year, and has experienced nine consecutive quarters of decline.
Read More »Black Knight: Delinquency Rate Lowest Since October 2007
Delinquency and foreclosures rates have declined to levels not seen since October 2007 and 2008, respectively, according to Black Knight Financial Services "First Look" at March Mortgage Data. The company’s Data and Analytics division reported that the share of loans in foreclosure was down nearly 37 percent year-over-year.
Read More »Mortgage Delinquency Rate Drops Below 4%
TransUnion announced Wednesday that last quarter's mortgage delinquency rate dropped below 4 percent for the first time since 2008. The rate represents borrowers who are 60 days or more delinquent on their mortgage. The Q4 2013 rate of 3.85 percent is a 24.2 percent year-over-year change from the Q4 2012 rate of 5.08 percent.
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