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MBA: Mortgage Delinquencies and Foreclosures Decrease in Q3

November 13, 2016 by Thomas Mullooly

While so many were distracted with the Presidential election, we received some news from Bill McBride over at Calculated Risk:

Although the percentage of mortgages in foreclosure is higher than the historical average, it is continuing to fall. Third quarter delinquency rates in 2016 are now at a lower point than they have been at any point past the second quarter of 2000. The serious delinquency rate has also dropped by fifteen basis points since last quarter.

MBA: Mortgage Delinquencies and Foreclosures Decrease in Q3

To repeat, delinquency rates are at a lower point than any time since the second quarter 2000.

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About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

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