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US Mortgage Delinquencies Increase in the Second Quarter of 2024
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate was up 3 basis points from the first quarter of 2024 and up 60 basis points from one year ago. The percentage of loans on which foreclosure actions were started in the second quarter fell by 1 basis point to 0.13 percent. “Mortgage delinquencies increased across all product types compared to this time last ... (full story)
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- Posted: Aug 15, 2024 10:26am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,241
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