Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

NAHB: Serious Delinquency Rate on Single-family Mortgages Continues to Drop

 
Posted on August 26, 2016 by By Carol Hartzog Communications

Eye on Housing

By Michael Neal

Copyright © 2016 National Association of Home Builders

In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.11% of 1-4 family mortgages were seriously delinquent in the second quarter of 2016. Measured on a not seasonally adjusted basis, the rate of serious delinquency, which includes both mortgages that are 90 or more days past due and mortgages in foreclosure, was 0.84 percentage point less than the 3.95% recorded in the second quarter of 2015. Since reaching a peak of 9.7% in the fourth quarter of 2009, the serious delinquency rate has experienced a steady decline. The current rate of serious delinquency was last seen in ... Read the article at the NAHB website

Delinquencies

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