CoreLogic Says Delinquency, Transition Rates Continue to Improve

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Posted To: MND NewsWire

National delinquency rates continue at 10-year lows , and both early delinquency and transition rates are stable as well. But CoreLogic, in its July Loan Performance Report, points to what it calls some disturbing trends in localized areas. The mortgage delinquency rate was down 0.9 percent year-over-year, to 4.6 percent. The rate includes all loans 30 days or more past due, including those in foreclosure. The improvement in performance was documented in almost all categories. The rate of early stage delinquencies, loans 30 to 59 days past due, was 2.0 percent, down 0.3 percentage point from the previous July. The foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7 percent, compared to 0.9 percent in July 2016 and the lowest since…(read more)

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