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Foreclosure Inventory Hits 15-Month Low

Foreclosure Inventory Hits 15-Month Low

by Phil Hall | Aug 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. foreclosure inventory in July descended to its lowest level in 15 months, according to new data from Black Knight Inc. (NYSE:BKI). The total U.S. loan delinquency rate last month was 3.21%, up 9 basis points from the previous month but down 12 basis points...
MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1

MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1

by Phil Hall | Jun 2, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) reported that commercial and multifamily mortgage delinquencies increased in the first quarter of this year. Within this sector, the delinquency rate was highest for commercial mortgage-backed securities (CMBS) at 3%, an increase...
Mortgage Delinquency Rate Crashes to a New Low

Mortgage Delinquency Rate Crashes to a New Low

by Phil Hall | May 25, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from CoreLogic has determined the overall U.S. mortgage delinquency rate plummeted to a new low in March. During March, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure). This...
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