In its latest MarketPulse report, CoreLogic illuminated the silver lining of the strict lending standards that many housing observers say have hampered a recovery: the “flawless” performance of new mortgages.

The share of mortgages originated in 2013 that were at least 90 days delinquent was only 0.6 percent through the first six months of 2013, foreshadowing a vast improvement over 2007, when the “serious delinquency rate” through the entire year hit its recent peak of 1.08 percent.

“… The most recent mortgage vintages are pristine relative to even the good-performing years of the early 2000s,” the report said.

The overall delinquency rate — the share of all mortgages (not just those originated in 2013) that are at least 90 says delinquent — has also improved substantially from its 2010 peak. The rate was 5.4 percent in July of this year, down from a recent peak of 8.5 percent in January 2010, CoreLogic said.

Nonetheless, the current serious delinquency rate is still much higher than the normal 1 or 2 percent rate seen in the early 2000s, CoreLogic reported.

Source: CoreLogic

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription