CoreLogic: US Mortgage Delinquencies, Foreclosure Begin 2024 Exceptionally Low
Industry Update
March 28, 2024
Source: CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for January 2024.
In January 2024, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), unchanged year-over-year from January 2023 and down by -0.3 percentage points month over month from December 2023.
The U.S. housing market posted an overall mortgage delinquency rate of 2.8% in January, which remains near an all-time low.
Both the serious delinquency and foreclosure rates also hovered near historic lows in January, a respective 1% and 0.3%.
Twelve states saw overall mortgage delinquencies increase year over year in January; 19 posted no change and 20 saw slight declines.
For full report, please click the source link above.