-
Mortgage Delinquencies Decrease in Fourth Quarter of 2019
The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The delinquency rate was down 20 basis points from the third quarter of 2019 and 29 basis points from one year ago. The percentage of loans on which foreclosure actions were started in the fourth quarter remained unchanged at 0.21 percent. "The mortgage delinquency rate in the final three months of 2019 fell to its lowest level since ... (full story)