Eye On Housing
According to the Mortgage Bankers Association’s (MBA) 2020 fourth quarter National Delinquency Survey (NDS), on a seasonally adjusted basis, the percentage of loans past due decreased from 7.65% in the third quarter to 6.73%. State-level data of the past due loan category reveal that California and Texas made up the top two states with the greatest number of past due… Read More ›
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 ›
Amid widespread job losses and other economic hardship resulting from the COVID-19 pandemic, all the U.S. states, Puerto Rico, and the District of Columbia experienced quarterly percentage increases in home loans past due, according to the seasonally adjusted Q2 2020 results of the Mortgage Bankers Association’s (MBA) Q2 2020 National Delinquency Survey. In the second quarter of this year, on… Read More ›
The most recent results of the National Delinquency Survey produced by the Mortgage Bankers Association (MBA) show that, as of the 4th quarter of 2018, mortgage servicers serviced 29.9 million non-government-insured mortgages, also known as conventional mortgages. Beginning with the first quarter of 2017, the MBA had discontinued its long-held classification of conventional loans into the prime and subprime categories,… Read More ›
Serious delinquency rates on 1-4 family mortgages rose over the 4th quarter of 2016 from the previous quarter. According to the National Delinquency Survey (NDS) released by the Mortgage Bankers’ Association (MBA), the proportion of mortgages seriously delinquent, those that are 90 or more days delinquent or starting the foreclosure process, rose 17 basis points to 3.13 percent. Despite the… Read More ›
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 ›