Tag Archive for ‘foreclosures’

Delinquencies Rise in First Quarter, but Foreclosure Starts Hold Steady

The seasonally adjusted mortgage delinquency rate increased 16 basis points over the first quarter of 2013, increasing to 7.25%. Even with this quarterly increase, the current share of mortgage loans at some stage of delinquency still ranks as the second-lowest reading since 2008. In addition, the overall increase in delinquencies was driven by a sizable jump in the 30-day past… Read More ›

Foreclosure Starts Fall to Lowest Level since Mid-2007

The seasonally adjusted mortgage delinquency rate declined 31 basis points during the fourth quarter of 2012, sliding to 7.09%–its lowest point in more than four years. Each of the three delinquency buckets (30, 60, 90+ days past due) registered a lower seasonally adjusted delinquency rate compared to the third quarter of 2012, but mortgages just 30 days overdue experienced the… Read More ›

Existing Home Sales Dip in December

Existing home sales declined 1% in December, sliding to a seasonally adjusted annualized rate of more than 4.9 million total units.  Nonetheless, data from The National Association of Realtors (NAR) indicate sales remain on an upward trend. The average monthly pace recorded during November and December was at its highest level in three years, while sales increased nearly 13% on… Read More ›

Mortgage Bankers: Loan Delinquencies Continue to Fall

The Mortgage Bankers Association’s National Delinquency Survey showed the (seasonally adjusted) overall delinquency rate on first-lien residential mortgages fell to 7.4% during the first quarter of 2012. According to the release, the 30-days late delinquency bucket saw its delinquency rate decline to its lowest reading in 5 years and is now on par with normal levels. The 60-day delinquency bucket… Read More ›

Mortgage Bankers: Delinquencies and Foreclosures Continue to Fall, but a Few Problems Persist

The Mortgage Bankers Association’s National Delinquency Survey showed the delinquency rate on first-lien residential mortgages dropped 41 basis points to 7.58% during the fourth quarter of 2011 (down from 7.99%). While the foreclosure inventory remained elevated from a historical perspective to close out the calendar year, it still registered a modest decline between the third and fourth quarters of 2011,… Read More ›

Mortgage Bankers: Newly-Delinquent Mortgage Loans Fall to Lowest Share in nearly 4 years

The Mortgage Bankers Association’s National Delinquency Survey revealed a 45 basis point decline in the share of delinquent loans (from 8.44% down to 7.99%) during the third quarter of 2011. This marks the lowest reading for loan delinquencies as a share of total loans outstanding in nearly three years. However, the share of mortgage loans in the foreclosure process remained… Read More ›

Mortgage Bankers: Short-term Delinquencies Rise but Long-term Delinquencies and Foreclosure Starts Decline

According to the latest Mortgage Bankers Association’s mortgage delinquency survey, total loan delinquencies as a share of all outstanding loans rose to 8.44% in the second quarter of 2011, an increased by 12 basis points. However, the share of mortgage loans in foreclosure fell versus the first quarter, sliding 9 basis points to 4.43%. MBA’s Chief Economist Jay Brinkman discussed… Read More ›