Mortgage Delinquencies and the Unemployment Rate

In the press release for the MBA quarterly National Delinquency Survey for Q2 , Marina Walsh, MBA's Vice President of Industry Analysis, wrote: "The mortgage delinquency rate tracks closely with the nation's improving unemployment rate. In the second quarter of 2016, the mortgage delinquency rate was 4.66 percent, while the unemployment rate was 4.87 percent. By comparison, at its peak in the first quarter of 2010, the delinquency rate was 10.06 percent and the unemployment rate stood at 9.83 percent." Here is a graph comparing the mortgage delinquency rate and the unemployment rate. The......(read more)

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