Mortgage Delinquencies Down Again

Jun 22, 2017

Today's first-time homebuyer is older and more likely to be single than first-time homebuyers in the 1970s and 1980s, according to a new Zillow analysis

Mortgage delinquency levels fell 7.13 percent from April to May while prepayments took a 23 percent upswing to their highest level of the year, according to new data from Black Knight Financial Services.

During May, the total national loan delinquency rate was 3.79 percent. Colorado had the lowest quantity of borrowers who were past due on mortgage payments at 2.12 percent, while Mississippi has the highest non-current rate at 10.16 percent.

The total U.S. foreclosure pre-sale inventory rate in May was 0.83 percent, a 2.97 percent drop from April and a 26.9 percent plummet from one year earlier. And while the 55,800 total foreclosure starts in May was 5.68 percent above April’s level, it was 10.14 percent below the May 2016 rate.

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Phil Hall

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Jun 22, 2017

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