Tag Archives: Delinquent Mortgages

A new study from MAISY finds household inflation will likely more than double seriously delinquent mortgages by the end of 2023 to 580,000, a level unseen since 2016.

CoreLogic, a property information and analytics company, has released the latest iteration of its Loan Performance Insights Report which found that for the month of April 20222 2.9% of all mortgages were in some stage of delinquency, defined as being ...

HUD Secretary Julián Castro is expected to soon unveil changes to HUD's Distressed Asset Stabilization Program, which has drawn criticism over the last year for its sales of deeply delinquent mortgage loans to Wall Street investors and private firms.

Where is the largest concentration of the nation's loans in foreclosure?

The percentage of delinquent mortgages (loans 30 days or more overdue but not in foreclosure) rose by 1.7 percent over the month in September, reaching 4.87 percent—the highest level since May 2015. This percentage represented about 2.45 million mortgages nationwide, with the monthly increase totaling about 44,000.

All 10 of the largest metro areas and 48 states reported double-digit year-over-year declines in the percentage of seriously delinquent mortgages in Q2, according to TransUnion. The metro areas that experienced the largest declines were Miami (40 percent, down to 5.31 percent) and Los Angeles (29.1 percent, down to 2.07 percent).

The percentage of seriously delinquent mortgage loans, which are those 60 days or more past due or held by borrowers in bankruptcy whose payments are 30 days or more past due, was 3.1 percent in Q4 – a decline of 0.9 percent from the previous quarter and 12.2 percent year-over-year, according to the OCC.

The nation's mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according to TransUnion's latest mortgage report.

In September, foreclosure inventory in the U.S. fell to its lowest level in more than six years while delinquencies also significantly declined, according to Black Knight Financial Services' "First Look" at September Mortgage Data released on Friday.