In September, the mortgage industry saw a continuing trend of declining performance following the third quarter of the previous year. According to a recent CoreLogic report, roughly 3% of all mortgages were in a state of delinquency during this period, marking a 20 basis point increase compared to the previous year. This data suggests a concerning increase in mortgage delinquencies, which could have significant implications for both borrowers and lenders in the industry.
Key Points:
– September showed a decline in mortgage performance compared to the previous year
– Approximately 3% of mortgages were in delinquency during this period
– This marks a 20 basis point increase in delinquency rates year over year
– CoreLogic released a report detailing these concerning trends in the mortgage industry, hinting at potential challenges ahead for both borrowers and lenders.
You can read this full article at: https://www.housingwire.com/articles/corelogic-mortgage-loan-performance-delinquencies-september-2024/(subscription required)
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