Mortgage Delinquency Worsens, Foreclosures Mixed

Non-current rate up 3 BPS in June

July 26, 2016

By Mortgage Daily staff

While the foreclosure rate fell last month, 30-day delinquency climbed for the third month in a row and foreclosure starts rose for the second straight month.

As of this year’s midpoint, there were 2,736,000 U.S. residential loans that were either at least 30 days past due or were in the process of foreclosure.

The count deteriorated compared to May 31, 2016, when there were 2,727,000 non-current loans. But the number improved from 3,183,000 a year earlier.

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Mortgage Delinquency Worsens, Foreclosures Mixed

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