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.

2nd Mortgage Performance Deteriorates

90-day 1st mortgage rate down 1 basis point in January

Feb. 18, 2014

By Mortgage Daily staff

As performance on first mortgages has shown a significant improvement from a year ago, serious delinquency on second mortgages has deteriorated -- though it remains well under 1 percent.

Consumer loan delinquency of at least 90 days was 1.34 percent in January. The rate reflects overall performance on auto loans, bank cards and first and second mortgages.

The past-due rate improved by a single basis point compared to a month earlier. Delinquency was 29 BPS better than a year earlier.

The statistics were based on the S&P/Experian Consumer Credit Default Indices.

Among the five biggest cities, Miami's delinquency rate was worst at 2.61 percent -- though that was a sizable improvement from 2.74 percent at the end of December.

Los Angeles' rate of 1.07 percent was the lowest.

New York's rate jumped 11 BPS to 1.49 percent.

"The severe weather conditions afflicting the country impacted economic activity," David M. Blitzer, managing director and chairman of the index committee for S&P Dow Jones Indices, said in the report. "Retail sales were down and the labor market conditions were mixed in January data. Overall economic activity is still sub-par.

"Against this background, consumer default rates have stabilized at levels similar to those seen before the financial crisis."

Ninety-day delinquency on just first mortgages was 1.26 percent at the end of last month, a basis point below the level at the end of last year.

First mortgage performance has improved from the same point in 2013, when the rate of seriously late payments was 1.58 percent.

A 4-basis-point drop in 90-day delinquency on second mortgages left the rate at 0.72 percent as of Jan. 31.

But serious delinquency on second mortgages has worsened from 0.69 percent as of Jan. 31, 2012.

next story

back to current headlines

Nonprime and Subprime News | Subprime Statistics
Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.

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