MBA: Mortgage Delinquency and Foreclosure Rates Decrease in Q2

From the MBA: Mortgage Delinquencies and Foreclosures Continue to Drop in Second Quarter The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.30 percent of all loans outstanding at the end of the second quarter of 2015. This was the lowest level since the second quarter of 2007. The delinquency rate decreased 24 basis points from the previous quarter, and 74 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The delinquency rate includes loans that are at......(read more)

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