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.

Mortgage Delinquency Rate Slips

First mortgage 90-day rate off 1% in August

Sept. 18, 2012

By staff

The rate of late payments on residential loans inched lower last month, though the improvement was bigger for junior liens.

First mortgages that were at least 90 days past due accounted for 1.40 percent of all U.S. first liens in August.

Last month's delinquency level was a slight improvement from July, when the 90-day rate was 1.41 percent.

The figures were included in the S&P/Experian Consumer Credit Default Indices from S&P Dow Jones Indices and Experian.

Delinquency has fallen from a year earlier, when the rate was 1.92 percent.

The performance of second mortgages was even better, with the 90-day rate declining to 0.72 percent from 0.75 percent in July. It was the lowest level on record for second mortgages based on eight years of available data.

The second mortgage rate has plummeted from 1.27 percent in August 2011.

The composite index, which additionally factors in delinquency on bank cards and auto loans, slipped to 1.50 percent last month from 1.51 percent and was 2.04 percent in the same month last year. It was a post-recession low for the composite index.

"While continuing to fall, most of the August changes in default rates were small compared to what we saw in the first half of the year," David M. Blitzer, managing director and chairman of the index committee for S&P Dow Jones Indices, said in the report.

Among the five-largest metropolitan statistical areas, Miami's 2.62 percent delinquency rate was highest and worse than 2.39 percent in July.

At 1.07 percent, Dallas had the lowest rate among the five biggest MSAs.

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