MBA: 2Q Mortgage Delinquency Rate at Record Low
The second quarter mortgage delinquency rate fell to a record low—even beating out pre-pandemic lows—the Mortgage Bankers Association reported Thursday.
Volume 21 Issue 152.5
Thursday, August 11, 2022
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“Foreclosure inventory levels and foreclosure starts remain well below historical averages for the survey – a strong indication that servicers are able to help delinquent borrowers find alternatives to foreclosure. Such alternatives include curing, loan workouts, home sales - with possible equity to spare, or cash-for-keys and deed-in-lieu options.”
--Marina Walsh, CMB, MBA Vice President of Industry Analytics.