First-Lien Delinquencies See Greatest Monthly Upswing Since 2008 – NMP Skip to main content

First-Lien Delinquencies See Greatest Monthly Upswing Since 2008

May 24, 2017
First-lien mortgage delinquencies saw a 12.93 percent spike from March to April

First-lien mortgage delinquencies saw a 12.93 percent spike from March to April, the largest monthly increase since November 2008, according to new data from Black Knight Financial Services. The total U.S. loan delinquency rate measured 4.08 percent last month. On a year-over-year measurement, this delinquency rate fell by 3.58 percent.
 
From March to April, the number of borrowers who were past due on mortgage payments increased by 241,000. However, Black Knight pointed out that April’s delinquency rate increase was “primarily calendar-driven (due to both the month ending on a Sunday and March being the typical calendar-year low) and largely isolated to early-stage delinquencies.”
 
Also in April, there were 52,800 monthly foreclosure starts, down 12.44 percent from March and down 10.05 percent from a year earlier; April’s rate was the lowest level since January 2005. Prepayment speeds fell by nearly 11 percent from March and plummeted by 31 percent from April 2016.

 
About the author
Published
May 24, 2017
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026