Delinquencies Up for All Loan Types; FHA Loans Hardest Hit

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Posted To: MND NewsWire

The National Delinquency Survey (NDS), a quarterly measure of mortgage performance from the Mortgage Bankers Association (MBA), found delinquencies in the fourth quarter of 2017 had increased both quarter over quarter and year-over-year . The NDS findings echo those from Black Knight which were released earlier in the week, reflecting significant impact from the September and October hurricanes. The national delinquency rate on one-to-four-unit dwellings increased to a seasonally adjusted rate of 5.17 percent at the end of the quarter. This includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The fourth quarter rate represented an increase of 29 basis points (bps) compared to the third quarter of 2017 and was 37 bps higher than at the…(read more)

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