09 May MBA: Mortgage Delinquencies Decrease in First Quarter
May 5, 2022
Source: MBA NewsLink
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11 percent of all loans outstanding at the first quarter’s close, the Mortgage Bankers Association’s National Delinquency Survey reported.
For the purposes of the survey, MBA asked servicers to report loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage. The delinquency rate decreased 54 basis points from the fourth quarter of 2021 and was down 227 basis points from one year ago.
For full report, please click the source link above.