Mortgage delinquencies low but possibly increasing

CoreLogic released its monthly Loan Performance Insights Report, revealing that as of October 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down 0.2 percentage points from 0.8 percent in October 2016. The foreclosure inventory rate has held steady at 0.6 percent since […]

CoreLogic released its monthly Loan Performance Insights Report, revealing that as of October 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down 0.2 percentage points from 0.8 percent in October 2016. The foreclosure inventory rate has held steady at 0.6 percent since August 2017, the lowest level since June 2007 when it was also at 0.6 percent, CoreLogic said.

The data shows that nationally 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in October 2017, a 0.1 percentage point year-over-year decline in the overall delinquency rate compared with October 2016.

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