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Delinquencies Continue to Decline but Forbearances Still a Concern

27 Oct Delinquencies Continue to Decline but Forbearances Still a Concern

Posted at 16:32h in Alerts by Alert team

Industry Update
October 22, 2021

Source:  Mortgage Daily News

The national delinquency rate has fallen below 4.0 percent for the first time since COVID-19 started messing up the world. Black Knight, in its “first look” at September’s mortgage performance data, says the rate in September, 3.91 percent, represents a reduction of more than 41 percent from September of 2020 and is 2.25 percent below the August level. Delinquencies have moved lower in 14 of the last 17 months.

For full report, please click the source link above.

 
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