Rockland Trust revealed two commercial loans loans worth $26 million that were not generating payments for the bank as of the fourth quarter of 2023, and a class A office loan worth $11 million that had gone into early-stage delinquency after the start of 2024.
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.22 percent of all loans outstanding at the end of the second quarter of 2020, according to the Mortgage Bankers Association’s National Delinquency Survey.
The share of mortgages nationwide that went from current to 30-days past due was 0.8 percent in May 2017, compared with 0.9 percent in May 2016 and approaching a 10-year-low, according to a recent report from CoreLogic, a global property information firm.
