MBA Releases 1Q National Delinquency Survey Today

The Mortgage Bankers Association releases its First Quarter National Delinquency Survey this morning.

The NDS, conducted since 1953, covers 39 million loans on one- to four- unit residential properties, representing 88 percent of all “first-lien” residential mortgage loans outstanding in the United States. Loans surveyed were reported by more than 100 lenders, including mortgage bank, commercial banks and thrifts.

Recent NDS reports have noted continued drops in both mortgage delinquency and foreclosure rates, albeit still at elevated levels resulting from loans made during the Great Recession.

The report comes out at 10:00 a.m. ET. MBA NewsLink and MBA Servicing NewsLink will provide coverage, with commentary from MBA Chief Economist Mike Fratantoni and MBA Associate Vice President of Economic Forecasting Joel Kan.