From the MBA: Mortgage Delinquencies Decrease in the Third Quarter of 2020
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.65 percent of all loans outstanding at the end of the third quarter of 2020, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This graph shows the percent of loans delinquent by days past due. Overall delinquencies decreased in Q3. The decrease was in the 30 day and 60 and day buckets.
From the MBA: "Compared to last quarter, the seasonally adjusted mortgage delinquency rate decreased for all loans outstanding. By stage, the 30-day delinquency rate decreased 48 basis points to 1.86 percent, the lowest rate since the survey began in 1979. The 60-day delinquency rate decreased 113 basis points to 1.02 percent, and the 90-day delinquency bucket increased 106 basis points to 4.78 percent, the highest rate since the second quarter of 2010." This sharp increase in the 90-day bucket was due to loans in forbearance (included as delinquent, but not reported to the credit bureaus). The percent of loans in the foreclosure process declined further, and was at the lowest level since 1982. from http://www.calculatedriskblog.com/2020/11/mba-mortgage-delinquencies-decrease-in.html
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