CFPB Unveils Early Warning System for Mortgage Delinquencies

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Posted To: MND NewsWire

A new tool to measure the nation’s largest consumer credit market came on-line this week. The new Mortgage Performance Trends tool, launched by the Consumer Financial Protection Bureau (CFPB) has the capacity to track the delinquencies in the $10 trillion mortgage market both locally and nationwide. CFPB said that knowing when consumers have fallen behind in their mortgage payments is important to assessing the health of mortgage markets nationwide and locally. The new tool tracks those rates and currently shows delinquency rates at their lowest points since the financial crisis. In addition to national data, the online tool features interactive charts and graphs with data on mortgage delinquency rates for 50 states and the District of Columbia at the county and metro-area level. Delinquencies…(read more)

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