MBA Says Delinquencies Fall Below Historic Levels
Industry Update
February 10, 2022
Source: Mortgage Daily News
A major report on loan performance has confirmed that homeowners are recovering rapidly from the pandemic. The National Delinquency Survey from the Mortgage Bankers Association put the nationwide rate of non-current mortgage payments at 4.65 percent of outstanding loans at the end of the fourth quarter of 2021. This is down 23 basis points from the third quarter and 208 bps lower than a year earlier. The figure includes delinquent loans that are in forbearance programs.
For full report, please click the source link above.