Twelve of Boston’s biggest housing lenders will offer homeowner borrowers in the city three months or more of deferred mortgage payments if they can demonstrate they have been financially impacted by the coronavirus crisis.
A new report from real estate data analytics firm CoreLogic finds low unemployment and high home equity has contributed to low delinquency rates across the nation.
Global property information provider CoreLogic reports that 4.8 percent of mortgages nationwide were in some stage of delinquency in February 2018. This represents a 0.2 percentage point decline in the overall delinquency rate, compared with February 2017, when it was 5 percent.
Mortgage delinquencies across the country and in Massachusetts dropped again in November, to some of the lowest rates in a decade.
Nationwide, 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in October 2017, according to a report released by CoreLogic, a global property information provider.
The delinquency rate for mortgage loans on Massachusetts residences was 4.49 percent at the end of the third quarter of 2016, a decrease of 14 basis points from the previous quarter, according to the Mortgage Bankers Association (MBA).
