Information released by the Mortgage Bankers’ Association (MBA) indicates that the share of all 1-4 family mortgage loans past due has returned to a level of normality. According to the MBA’s National Delinquency Survey, the share of all 1-4 family mortgages considered past due fell by 14 basis points to 4.52 percent. One year ago 4.99 percent of loans were… Read More ›
Tag Archive for ‘mortgage bankers association’
Serious Delinquency Rate on Single-family Mortgages Continues to Drop
In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.11% of 1-4 family mortgages were seriously delinquent in the second quarter of 2016. Measured on a not seasonally adjusted basis, the rate of serious delinquency, which includes both mortgages that are 90 or more days past due and mortgages in foreclosure, was 0.84 percentage point less than the 3.95%… Read More ›
Serious Delinquency Rates Continue to Fall
In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.29% of 1-4 family mortgages were seriously delinquent in the first quarter of 2016. Measured on a not seasonally adjusted basis, the rate of serious delinquency, which includes both mortgages that are 90 or more days past due and mortgages in foreclosure, was 0.95 percentage point less than… Read More ›
Falling Delinquency Rate Points to Continued Healing
The delinquency rate for first-lien mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 4.99% of all loans outstanding at the end of the third quarter of 2015, 31 basis points less than its level in the second quarter of 2015 and 86 basis points below its level one year ago. According to a report… Read More ›
“Lien-ing” In: What is behind the Continued Recovery of Mortgage Default Rates?
According to a report by the Mortgage Bankers’ Association (MBA) the delinquency rate for first-lien mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 5.54% of all loans outstanding at the end of the first quarter of 2015, 14 basis points less than its level in the fourth quarter of 2014 and 57 basis points… Read More ›