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Home » Store » News » Delinquency Rates Still Aren’t Stellar, but Improvement In the First Quarter May Reflect Turn for the Better

Delinquency Rates Still Aren’t Stellar, but Improvement In the First Quarter May Reflect Turn for the Better

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Mortgage delinquency rates improved in almost all categories, and although they’re still high, it could signal a positive turning point, according to recent reports. The Inside Mortgage Finance Larger Servicer Delinquency Index showed an overall delinquency rate at 10.27 percent in the first quarter, down from 11.25 percent in 4Q10, and the lowest seen since the 9.39 percent rate in 1Q09. Improvements were seen in every category of delinquency from last quarter. Loans 30-60 days delinquent went from 2.81 percent to 2.41 percent, 60-90 days delinquent from 1.25 percent to 1.01 percent and loans over 90 days delinquent from... [Includes one data chart]
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