With delinquencies and debt-to-income ratios on the rise, the Trump administration is lifting foreclosure restrictions and eyeing tighter underwriting for borrowers with multiple risk factors
Early-stage delinquencies have increased for 3 months in a row, suggesting that delinquency rates may be nearing a bottom, according to Black Knight's first look at August mortgage data
The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows
4.7% of mortgages were delinquent in April 2021, a significant drop from the start of the pandemic
Idaho, Colorado, Utah, Washington and Montana have lowest delinquency rates in U.S.
The 120-day delinquency rate for July was 1.4 percent — the highest rate in more than 21 years and double the Great Recession peak
Nationwide delinquency rates were at 6.1% in April, signaling a troubling trend ahead
3.6% of mortgages were in some stage of delinquency, the same as in February
'After a long period of decline, we are likely to see steady waves of delinquencies throughout the rest of 2020 and into 2021,' warns CoreLogic
'We expect delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident,' CoreLogic President Frank Martell said
After a slight uptick the previous month, nationwide delinquency rates have fallen to the lowest level since June 2000
Only 3.9 percent of mortgages were in some stage of delinquency in November
In September, just 3.8% of mortgages were in some stage of delinquency while 0.4% of mortgages were in the foreclosure process
The increase coincides with a rise in unemployment rates in those regions
Home loan delinquency rate is up 2.71 percent from May to June, according to numbers released by Black Knight