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U.S. Mortgage Delinquency Rate Dips in Q1

U.S. Mortgage Delinquency Rate Dips in Q1

According to the Mortgage Bankers Association’s latest National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11 percent of all loans outstanding at the end of the first quarter of 2022.

For the purposes of the survey, MBA asks servicers to report loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage. The delinquency rate decreased 54 basis points from the fourth quarter of 2021 and was down 227 basis points from one year ago. Read more on…worldpropertyjournal

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