Mortgage Delinquencies Spiked in Q2

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.

Loan Delinquencies Approach 10-Year Low In May

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.