MBA: Mortgage Delinquencies and Foreclosures Decrease in Q3

by | Nov 13, 2016 | News

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.

Join our Newsletter

Mullooly-Main-Logo

Future-Proof Your Finances

Download the 25-Year Success Strategy

 
Enter your email & get this free PDF download to help you prepare for the next 25 years.  We will send periodic updates as well. Unsubscribe at any time.

You have Successfully Subscribed!

Share This