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Mortgage delinquency rates improve across key markets

Mortgage delinquency rates have declined almost every quarter since their peak of 7.21% in Q1 2010. We forecast this trend to continue in 2018 as serious mortgage delinquency rates reach the lowest level observed since 2005. Although rising interest rates are affecting refinancing, they are not hurting the overall mortgage market.

The national mortgage loan delinquency rate (the ratio of borrowers 60 or more days past due) is projected to decline to 3.12% to close 2014, and reach 2.51% by the end of 2015. That would end next year at the lowest level since hitting 2.61% in Q3 2007, prior to the Great Recession. As of Q3 2014, the mortgage delinquency rate stands at 3.36%.

"Mortgage originations had declined substantially across the board in the last. as well as continued low delinquency rates." From Q1 2014 to Q1 2015, TransUnion reported a 7.4% increase in new auto.

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Repayment trends also generally improved across the board, driven primarily by continuing improvements in mortgage delinquency rates. The report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data.

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“Despite increases in mortgage debt, serious delinquency rates remain low with very. pace of credit card acquisitions is a key contributor to the net decline in consumer access. This may be.

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Serious delinquency rates are stable across lending products as well as provinces. Toronto has the highest delinquency rate among major Metropolitan Areas at 1.56 per cent of non-mortgage balances..

It’s official. The united states’ base interest rate, the Fed funds rate, has fallen for the first time in over a decade. The last time the Federal Reserve ratcheted interest rates lower was.

The mortgage delinquency rate fell to 4.2% in April, down from 4.8% in April 2017, according to CoreLogic’s Loan Performance Insights report.. Early-stage delinquencies – defined as 30 to 59 days past due – represented 1.8% of all loans in April, down from 2.2% in April 2017.

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