Loan Performance Continues its 14-Month Wining Streak

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Posted To: MND NewsWire

With mortgage delinquencies continuing to be at historic lows, CoreLogic points to natural disasters as a significant cause of the slight deterioration of loan performance in a few local markets. The company’s Loan Performance Insights report for February notes that the nation’s overall delinquency rate has fallen on a year-over-year basis for the past 14 consecutive months , a result of the strength of loan vintages since the housing crisis. Ralph McLaughlin, CoreLogic’s deputy chief economist says, “The persistently impressive economic expansion continues to drive down housing market distress, with delinquencies and foreclosures hitting near two-decade lows. Furthermore, with unemployment at a 50-year low, wage growth nearing double inflation and a positive demographic structure that will…(read more)

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