The Mortgage Bankers Association’s (MBA) recently released National Delinquency Survey (NDS) provides seasonally adjusted rates of delinquency on all existing mortgages in the one- to four-unit first-lien residential mortgage market through the third quarter of 2020. The NDS breaks down delinquencies into various buckets: mortgages 30-59 days past due, 60-89 days past due, and 90 or more days past due…. Read More ›
Tag Archive for ‘foreclosure starts’
Delinquencies and Foreclosures Resume Downward Trend in Third Quarter
The Mortgage Bankers Association reported the seasonally adjusted delinquency rate fell 18 basis points during the third quarter of 2012 to 7.4%, erasing the 18 basis point increase from the previous quarter. The lower delinquency rate was driven almost entirely by a sizable drop in the share of loans 90 or more days past due, which came in under 3%… Read More ›
Loan Delinquencies Rise Unexpectedly During the Second Quarter
The Mortgage Bankers Association’s National Delinquency Survey revealed a surprising increase in the seasonally adjusted delinquency rate during the second quarter of 2012. The total share of first-lien residential mortgages with past due payments increased 18 basis points to 7.58%. In addition, all three delinquency buckets registered increases compared to the first quarter, with the largest quarter-to-quarter jump occurring among… 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 ›