MBA: "Foreclosure inventory rate still at lowest level since 1995"

From the MBA: Mortgage Delinquencies Rise in the First Quarter of 2019 The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 4.42 percent of all loans outstanding at the end of the first quarter , according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. Despite an uptick of 36 basis points on a quarterly basis, the delinquency rate was still down 21 basis points from one year ago. The percentage of loans on which foreclosure actions were started last quarter fell by 5 basis points from a year ago and......(read more)

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