Lending

Mortgage Delinquency Falls to 20-Year Low

Loan performance continued to improve in April as the national mortgage delinquency rate dropped to its lowest level in more than 20 years, according to new monthly data from Corelogic. So reports Forbes.

According to Corelogic, only 3.6% of U.S. mortgages were 30 days or more past due or in foreclosure, compared with an overall delinquency rate of 4.3% in April 2018.

What’s more, the serious delinquency rate—mortgages 90 days or more past due or in foreclosure—was its lowest since August 2005, at just 1.3%.

No state saw its overall or serious delinquency rates rise from the past April.

Read the full article from Forbes

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