The second quarter mortgage delinquency rate fell to a record low—even beating out pre-pandemic lows—the Mortgage Bankers Association reported Thursday.
2nd Quarter Delinquency Rate Falls to Record Low
“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.
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