• MBA: Mortgage Delinquency Rate decreased in Q1

    10 days ago - By Calculated Risk

    From the MBA: Mortgage Delinquencies Down in 1st Quarter of 2018
    The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally-adjusted rate of 4.63 percent of all loans outstanding at the end of the first quarter of 2018.
    The delinquency rate was down 54 basis points from the previous quarter, and was eight basis points lower than one year ago, according to the Mortgage Bankers Association's National Delinquency Survey. The percentage of loans on which foreclosure actions were started during the first quarter was 0.28 percent, up three basis...
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