CoreLogic: US Mortgage Delinquency, Foreclosure Rates Hover Near Historic Lows in February
Industry Update
April 25, 2024
Source: CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for February 2024.
In February 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), down year-over-year from February 2023 and unchanged month over month from January 2024.
To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquencies. In February 2024, the U.S. delinquency and transition rates and their year-over-year changes, were as follows:
Early-Stage Delinquencies (30 to 59 days past due): 1.5%, up from 1.4% in February 2023.
Adverse Delinquency (60 to 89 days past due): 0.4%, unchanged from February 2023.
Serious Delinquency (90 days or more past due, including loans in foreclosure): 0.9%, down from 1.2% in February 2023 and from a high of 4.3% in August 2020.
Foreclosure Inventory Rate (the share of mortgages in some stage of the foreclosure process): 0.3%, unchanged from February 2023.
Transition Rate (the share of mortgages that transitioned from current to 30 days past due): 0.7%, unchanged from February 2023.
For full report, please click the source link above.