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The nation's mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March of this year 4.9 percent of all mortgages were 30 days or more past due, including loans in foreclosure. This is the lowest rate since March 2021, the month the pandemic hit, and the rate was 3.6 percent. The company notes that "March 2021 marked a critical juncture in the U.S. - the one-year anniversary of the onset of the pandemic, the third round and disbursement of government stimulus checks and the extension of forbearance programs. Taken together, some of these factors helped mortgage holders stay current on their loans and led to the lowest national delinquency rate in a year. "Additionally, the convergence of these financial paddings allowed
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Rob Chrisman
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After years of opening mail I’ve come to the conclusion that, when stamped on an envelope in the U.S. mail, “personal and confidential” usually isn’t, and “time sensitive” isn’t either. Yes, it’s only T... (read more) |
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Housing News
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The nation's mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March of this year 4.9 percent of all mortgages were 30 days or more past due, including loans in foreclos... (read more) |
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Housing News
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April price gains may have set a record for setting records and Black Knight, in its Mortgage Monitor for the month, runs them down. The annual rate of price increases , 14.8 percent, was the highest in the company's records dating back to the mid-19... (read more) |
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