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Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes

Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes

by Phil Hall | Aug 9, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Modern building codes are being credited for the roughly 50% decline in post-hurricane mortgage delinquency rates, according to a new report from the Insurance Institute of Business & Home Safety and CoreLogic. The report cited the building codes that emerged in...
Serious Delinquency Rate Crashes to 17-Year Low

Serious Delinquency Rate Crashes to 17-Year Low

by Phil Hall | Jul 21, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of serious delinquencies – defined as loans 90 days or more past due – dropped to 471,000 in June, the lowest since August 2006, according to new data from Black Knight Inc. (NYSE:BKI). June’s level is 177,000 loans lower (-27%) from one year earlier....
Mortgage Delinquency Rate Drops to Near-Record Low

Mortgage Delinquency Rate Drops to Near-Record Low

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

The U.S. mortgage delinquency rate dropped by 11 basis points in May to 3.10%, according to new data from Black Knight Inc. (NYSE:BKI). This is the second lowest that the rate has ever been – the record low is 2.92% from last March. The number of borrowers who were a...
Mortgage Delinquency Rate Crashes to a New Low

Mortgage Delinquency Rate Crashes to a New Low

by Phil Hall | May 25, 2023 | Current News & Events, Mortgage Information, 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...
Mortgage Delinquency Rate Bounced Up in April

Mortgage Delinquency Rate Bounced Up in April

by Phil Hall | May 24, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national mortgage delinquency rate was up by 13% from the record low in March into April, according to new data from Black Knight Inc. (NYSE:BKI). But while that might seem extreme, the total U.S. delinquency rate in April was only a mere 3.31%. Early-stage...
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