Tag Archives: Mortgage Delinquencies

The fact that mortgage delinquencies are declining steadily for a few years now has been no secret. But just how low are they getting?

The total non-current inventory dropped to its lowest level in more than eight years, according to Black Knight Financial Services.

Since the housing recovery began, the number of mortgage loans rolling from current to delinquent status has declined by an average of 2 percent every January. But not this time.

The number of mortgage loans 30 days or more past due but not in foreclosure hit an 11-month high in January. What role did the calendar play in the increase?

The share of mortgage loans 60 days or more overdue dropped by nearly a third to close the year. What drove the decline?

Helping families avoid foreclosure is one of the stated goals of Fannie Mae and Freddie Mac since the conservatorships began more than seven years ago.

Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015, which contributed to the strong performance of consumer credit markets during Q3, according TransUnion’s Q3 2015 Industry Insights Report released Monday.

For the first half of 2015, approximately 38 percent of mortgage delinquencies were brought about by job loss or some type of income curtailment, according to an analysis of mortgages guaranteed or owned by Freddie Mac.

Single-family mortgage loans backed by Fannie Mae and Freddie Mac perform better after modification when they are modified through the government's Home Affordable Mortgage Program (HAMP), according to the FHFA's Foreclosure Prevention Report for Q2 2015 released this week.

Overall, the number of delinquent mortgages jumped by 98,000 up to about 2.5 million in May. Despite the increase in delinquent loans for the last two months, the delinquency rate is still down by 12 percent from May 2014 and is at its lowest point since the summer of 2007, according to Black Knight.