February mortgage delinquency share dips to 4.8 percent, down 0.2 points year-on-year

In February, 4.8 percent of mortgages were in some stage of delinquency, down from 5.0 percent a year ago. The foreclosure inventory rate was 0.6 percent, down 0.2 percentage points year-on-year.  Since August 2017, the foreclosure inventory rate has been steady at 0.6 percent, the lowest level since June 2007, when it was also 0.6 percent.

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CoreLogic: January delinquency rates dipped to 4.9 percent, foreclosed mortgages down to 0.6 percent

CoreLogic:  In January, 4.9 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), down 0.2 percentage points year-on-year.   The foreclosure inventory rate - which measures the share of mortgages in some stage of the foreclosure process - was 0.6 percent, down 0.2 percentage points year-on-year.

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CoreLogic: December mortgage delinquencies at 5.3 percent, unchanged year-on-year

Nationally, 5.3 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in December 2017. This represents no change in the overall delinquency rate compared with December 2016 when it was also 5.3 percent.

As of December 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down 0.2 percentage points from 0.8 percent in December 2016. Since August 2017, the foreclosure inventory rate has been steady at 0.6 percent, the lowest level since June 2007, when it was also 0.6 percent.

This past December’s foreclosure inventory rate was the lowest for the month of December in 11 years; it was also 0.6 percent in December 2006.

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November foreclosure rate down 0.1 percent year-on-year to 5.1 percent

Nationally, 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in November 2017. This represents a 0.1 percentage point year-over-year decline in the overall delinquency rate compared with November 2016 when it was 5.2 percent.

As of November 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down 0.2 percentage points from 0.8 percent in November 2016. The foreclosure inventory rate has held steady at 0.6 percent since August 2017, the lowest level since June 2007 when it was also at 0.6 percent.

This past November's foreclosure inventory rate was the lowest for the month of November in 11 years, since it was also 0.6 percent in November 2006.

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CoreLogic: August foreclosure inventory rate dips to lowest rate since August 2006

Nationally, 4.6 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in August 2017. This represents a 0.6 percentage point year-over-year decline in the overall delinquency rate compared with August 2016 when it was 5.2 percent.

As of August 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down from 0.9 percent in August 2016. This was the lowest foreclosure inventory rate for the month of August in 11 years since August 2006 when it was 0.5 percent.

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CoreLogic: Delinquent mortgages fell to 4.5 percent in May

Nationally, 4.5 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in May 2017. This represents a 0.8 percentage point decline in the overall delinquency rate compared with May 2016 when it was 5.3 percent.

As of May 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7 percent compared with 1 percent in May 2016. The serious delinquency rate, defined as 90 days or more past due including loans in foreclosure, was 2 percent, unchanged from April 2017 and down from 2.6 percent in May 2016. The 2 percent serious delinquency rate in April and May this year was the lowest since November 2007 when it was also 2 percent.

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BuilderBytes' MetroIntelligence Economic Update for 11/14/12

Please click here to see the edition of BuilderBytes for 11/14/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Mortgage delinquency rate declined for third consecutive quarter in Q2 2012
• Buyers of foreclosures can expect a 7.7% discount according to Zillow analysis, down from a peak of 23.7% in 2009

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at dsmith@penpubinc.com.

1 in 10 homeowners with a mortgage now behind on payments

A record 10% of homeowners with mortgages are either behind on their payments or in the process of foreclosure. On the bright side, 90% are current! From an AP story via MSNBC:

A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted from risky loans to the crumbling U.S. economy.

The percentage of loans at least a month overdue or in foreclosure was up from 9.2 percent in the April-June quarter, and up from 7.3 percent a year earlier, the Mortgage Bankers Association said Friday...

With the economy worsening, the much-anticipated bottom of the housing market likely will be pushed further into the future.

"Things are going to get worse before they get better," said Northern Virginia housing economist Thomas Lawler.

Most troubling, he said, is that the mortgage bankers' report reflects conditions before October's stock market plunge and the resulting economic fallout.

"The number of homes that are in the foreclosure process is so high — right before the economy has fallen off a cliff," Lawler said...

Click here for full story.