Loan data sends mixed signals

Improvement in delinquency rate may only be seasonal

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

A total of 14.01 percent of outstanding mortgages were at least one payment overdue or in foreclosure at the end of March, the Mortgage Bankers Association said today — an astounding number in a normal economy, but an improvement from 15.02 percent at the end of December.

Seasonal factors may account for some or all of the improvement, however. The non-seasonally adjusted delinquency rate decreased from 10.44 percent in the fourth quarter of 2009 to 9.38 percent in the first quarter.