ATTOM: Foreclosure Filings Continue Downward Trend Amid Pandemic

Next week, the Mortgage Bankers Association releases its 2nd Quarter National Delinquency Survey. This week, ATTOM Data Solutions, Irvine, Calif., said foreclosure moratoria stemming from the coronavirus pandemic kept new foreclosure filings low—but warned they could increase dramatically once those moratoria expire.

CoreLogic: ‘Clouds on The Horizon’ for Many U.S. Homeowners as Delinquency Rates Climb

Ahead of next week’s 2nd Quarter National Delinquency Survey from the Mortgage Bankers Association, CoreLogic, Irvine, Calif., said early-stage and adverse mortgage delinquency rates increased for the second consecutive month, with all 50 states and more than 75% of U.S. metro areas seeing increases in overall delinquency rates.

MBA Chart of the Week: 30-Day Mortgage Delinquency Rate by Region

MBA released its latest National Delinquency Survey for first quarter 2020 earlier this week. At the end of the first quarter, the delinquency rate for mortgage loans on one-to-four-unit residential properties jumped by 59 basis points to a seasonally adjusted rate of 4.36 percent of all loans outstanding.

MBA Chart of the Week: 30-Day Mortgage Delinquency Rate by Region

MBA released its latest National Delinquency Survey for first quarter 2020 earlier this week. At the end of the first quarter, the delinquency rate for mortgage loans on one-to-four-unit residential properties jumped by 59 basis points to a seasonally adjusted rate of 4.36 percent of all loans outstanding.

MBA Reports Rise in 1st Quarter Mortgage Delinquencies

Mortgage delinquencies rose in the first quarter as the economic effects of the coronavirus pandemic began to take hold, the Mortgage Bankers Association reported this morning.

The Week Ahead

Good morning! Welcome to another Monday, Week 10 of the Coronapacolypse. To all of you out there: thank you again for what you are doing. Stay healthy and safe.

ATTOM: Pre-COVID-19, Steady Rates for Equity-Rich Homeowners

ATTOM Data Solutions, Irvine, Calif., said data gathered before the impact of the coronavirus pandemic showed equity-rich American homeowners dipped slightly in the first quarter, even as the share of seriously underwater homeowners edged up.