twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Improvement Continues With Serious Delinquency

90-day rate drops 20 BPS in November

Jan. 14, 2013

By Mortgage Daily staff

The rate of serious delinquency improved for the fourth consecutive month. While government loan modifications initially helped pull delinquency lower, more recent improvements in performance are being attributed to foreclosure resolutions. This year's performance will be determined by employment and home prices.

Residential loan delinquency of at least 90 days, including foreclosures, was 9.4 percent in November.

The rate of late payments retreated from October, when 90-day delinquency stood at 9.6 percent. The 90-day rate has improved each month since July 2012, when serious delinquency was 10.3 percent.

The statistics were included in The MarketPulse from CoreLogic Inc.

Delinquency has tumbled compared to November 2011, when the rate was 10.8 percent.

"Initially, the decline was driven by HAMP modifications," CoreLogic said of the delinquency trend. "Now, the impact of HAMP is rapidly waning and the decline is primarily being driven by foreclosure resolutions.

"In 2013, the decline will be driven by continued improvement in the labor market and home prices, which are the two most important drivers of performance."

November's rate, excluding foreclosures, was 6.4 percent, lower than 6.5 percent a month earlier and 7.3 percent a year earlier.

The foreclosure rate, meanwhile, slipped to 3.0 percent from 3.1 percent and was 3.5 percent in the same month during 2011.

CoreLogic said that 112,000 pre-foreclosure filings were made in November, fewer than the 118,000 filings the prior month. During the same month a year prior, pre-foreclosure filings totaled 127,000.

Servicers completed 55,000 foreclosures during the most-recent month, fewer than the 59,000 in October and 71,000 in the year-earlier period.

next story

back to current headlines

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders