Mortgage Delinquency Rate at 11-Year Low – NMP Skip to main content

Mortgage Delinquency Rate at 11-Year Low

Phil Hall
Apr 21, 2017
The mortgage delinquency rate in March fell 14 percent on a month-over-month measurement

The mortgage delinquency rate in March fell 14 percent on a month-over-month measurement, reaching its lowest level since March 2006, according to new data from Black Knight Financial Services (BKFS). The March mortgage delinquency rate is also the fourth lowest recorded during the 21st Century.
Also on the decline was the total non-current inventory, defined as all loans 30 days or more past due or in active foreclosure. This rate fell below 2.3 million reaching its lowest volume in 11 years.
However, other data saw an upswing: After hitting a three-year low in February, prepayment speeds shot up by 20 percent in March. But on a year-over-year measurement, this level is 26 percent below last year’s level. And foreclosure starts were up 4.15 percent for the month, but the first quarter’s total of 189,000 starts was 18 percent below the level from the first quarter of 2016.
Mississippi had the highest state level of non-current activity, registering a 9.70 percent level. It also produced the highest rate of 90-plus days delinquent, at 3.12 percent. 

Apr 21, 2017
Rocket Mortgage Teams With Santander Bank

Rocket's mortgage services now available to Santander's U.S. banking clients

Industry News
Aug 16, 2022
Ameris Bank Commits $10M To Help 1st-Time Homebuyers

The Ameris Down Payment Grant Program will help eligible first-time buyers with down payments and closing costs.

Industry News
Aug 16, 2022
Competition Now Highest For Lowest-Priced Homes

In reverse of pandemic trend, competition for mid- and high-priced homes not as white hot among buyers.

Analysis and Data
Aug 16, 2022
Impac Mortgage Slashes Staffing Levels By 48%

From 330 in 4Q 2021, headcount now stands at 170 for California lender

Aug 15, 2022
Homeward Lays Off 20% Of Staff

Alternative real estate financing company cut about 120 jobs.

Industry News
Aug 12, 2022
Lone Peak Lending Joins Panorama Mortgage Group

Names Donovan Stamps as president.

Industry News
Aug 11, 2022