MBA: "Foreclosures Continue to Decrease, Delinquencies Flat" in Q1

From the MBA: Foreclosures Continue to Decrease, Delinquencies Flat The delinquency rate for mortgage loans on one-to-four-unit residential properties remained unchanged from the previous quarter at a seasonally adjusted rate of 4.77 percent of all loans outstanding at the end of the first quarter of 2016 . This was the lowest level since the third quarter of 2006. The delinquency rate was 77 basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The percentage of loans on which foreclosure actions were started during the first ......(read more)

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