U.S. Delinquency Rates At- Or Near-Record Lows, But Late Payments Spike In Some Hurricane Areas
from CoreLogic
– this post authored by MOLLY BOESEL
In October 2018, 4.1 percent of home mortgages were in some stage of delinquency, down from 5.1 percent a year earlier and the lowest for the month of October on record [ 1], according to the latest CoreLogic Loan Performance Insights Report. The measure, also known as the overall delinquency rate, includes all home loans 30 days or more past due, including those in foreclosure. For the month of October, the share of delinquent mortgages was highest in October 2010, at 11.5 percent.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201901120529
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