Loan Performance

July 13, 2021

Delinquency Rate Posts First Annual Decrease Since March 2020

The nation’s overall delinquency rate was 4.7% in April. All but one state logged an annual decrease in the overall delinquency rate.

June 7, 2021

Delinquency Rate Posts Largest One-Month Decrease Since Start of Pa...

Loan Performance Insights Report Highlights: March 2021 The nation’s overall delinquency rate was 4.9% in March. The current-to-30-day transition rate in March was the lowest in over 21 years. In March 2021, 4.9% of home mortgages were in some stage of delinquency (30 days or more past due, inclu...

April 13, 2021

Early-Stage Delinquency Rate Lowest in Over 20 Years

Loan Performance Insights Report Highlights: January 2021 The nation’s overall delinquency rate was 5.6% in January. The transition rate from current to delinquent this January was the lowest in 12 months. In January 2021, 5.6% of home mortgages were in some stage of delinquency (30 days or more ...

March 26, 2021

More Than Two Million Forbearance Plans Are Likely in New Forbearan...

New Extensions May Afford Hard-Hit Homeowners Opportunity to Find Financial Footing Recent announcements of forbearance extension by the Federal Housing Finance Agency (FHFA) came on the heels of millions of forbearance plans that are about to expire at the end of March under the CARES Act. ...

November 9, 2020

Behind the Paradox of Rising Mortgage Delinquencies amid Rising Hom...

Loans in Forbearance Account for Majority of Delinquent Loans Since Pandemic Began Recent loan performance data from CoreLogic shows that the nation’s overall mortgage delinquency rate – the proportion of mortgage loans falling 30 or more days behind scheduled payment, including loans in foreclos...

November 5, 2020

Homeowner Equity Gains Key in Protecting California’s Housing Markets

Unlike the Great Recession, the speedy intervention provided by the CARES Act ensured mortgage forbearance options for homeowners who were financially harmed by the pandemic recession and had a federally backed loan. And while forbearance options will help some homeowners keep their homes, the pa...

October 13, 2020

Early-Stage Delinquencies Fall Below Pre-Pandemic Levels as Serious...

Loan Performance Insights Report Highlights: July 2020 The nation’s overall delinquency rate was 6.6% in July. All states logged annual increases in both overall and serious delinquency rates in July. In July 2020, 6.6% of home mortgages were in some stage of delinquency (30 days or more past due...

September 18, 2020

Private-Label RMBS Credit Risk: 90-Day Delinquency Rates Spiked in ...

“Pig in the Python” effect follows jumps in 30-day in April, 60-day in May The widening pandemic led President Trump to declare a national emergency on March 13, sparking shelter-in-place directives across many communities. The shuttering of commercial establishments subsequently put many America...

September 8, 2020

Serious Delinquencies Spike, Reaching Highest Rate in More than Fiv...

Loan Performance Insights Report Highlights: June 2020 The nation’s overall delinquency rate was 7.1% in June. All states logged annual increases in both overall and serious delinquency rates in June. In June 2020, 7.1% of home mortgages were in some stage of delinquency (30 days or more past due...

August 31, 2020

Flight to Quality after COVID-19: Loans to High-DTI Borrowers Down ...

Amidst the COVID-19 pandemic, many lenders are reportedly tightening credit by raising the minimum FICO score requirement or increasing down payment requirements to 20%.[1]  The credit tightening is driven by a familiar credit market phenomenon known as flight to quality – in time of ec...

August 11, 2020

Overall Delinquency Rate Increases to Highest Level in More than Fi...

Loan Performance Insights Report Highlights: May 2020 The nation’s overall delinquency rate was 7.3% in May. All states and all but two metros showed increases in their overall delinquency rates. In May 2020, 7.3% of home mortgages were in some stage of delinquency (30 days or more past due, incl...

July 14, 2020

Jump in Early-Stage Delinquencies Leads to Highest Overall Delinque...

Loan Performance Insights Report Highlights: April 2020 The nation’s overall delinquency rate was 6.1% in April. While all states showed increases in their overall delinquency rates, those increases were highest in New York, New Jersey, Florida and Nevada. In April 2020, 6.1% of home mortgages we...