A total of 6,000 foreclosure sales were completed in February, a 9% decrease from January and the second-lowest level in the previous 12 months.
Tagged: mortgage delinquency
Despite overall stability, 17 states witness yearly increases; concerns arise over consumer credit performance amidst economic shifts.
National delinquency rate drops 5.48% while foreclosure starts increase.
The MBA says fourth quarter delinquencies climb.
Mortgage originations for 4Q 2023 hit $394 billion.
Unusual Sunday month-end contributes to delinquency increase; serious delinquencies dip, foreclosures reach 18-month low, and prepayments rise in housing market.
National delinquency rates show slight increase but remain low, as FHA and VA loans face rising delinquencies; GSE mortgages stay resilient amid overall positive mortgage performance trends.
Early-stage delinquencies rise according to MBA's report, while foreclosure starts stay low, suggesting resilience in the housing market despite concerns over increasing unemployment rates.
Intercontinental Exchange report highlights increase in early-stage delinquencies and serious overdue loans, while foreclosures see a significant decline.
CoreLogic report shows a stable mortgage landscape, with overall delinquency and foreclosure rates nearing historic lows.