Delinquencies Down Overall, Texas and Florida Still Coping

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Posted To: MND NewsWire

In the company’s loan performance report for January, Frank Martell, CoreLogic’s president and CEO said, “Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year. Declines in the unemployment rate have supported a rise in income and home-price growth has built home equity. These two economic forces coupled with high-quality underwriting have lowered overall delinquency rates. ” The national rate for loans that were 30 or more days past due declined from 5.1 percent of active loans in January 2017 to 4.9 percent 12 months later, but that improvement would have been greater absent the push higher from two states. Besides being among the nation’s most populous, Texas and Florida bore the brunt…(read more)

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