Loan Performance

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...

January 17, 2020

Mortgage Delinquency Rates for All Loan Types Have Fallen to Their ...

Loans originated in 2015 and 2016 have performed better than loans originated in 2017 and 2018 The CoreLogic Loan Performance Insights Report analyzes mortgage performance for all home loans. Based on this report, the serious delinquency rate for October 2019 was 1.3 percent, representi...

August 22, 2018

Why Are Jumbo Loans Cheaper than Conforming Loans?

Increased Conforming G-Fee, Higher Jumbo Credit Standard, and Risk-Based Pricing Historically large-balance mortgage loans, known as ‘jumbo’ loans, had a higher interest rate than conforming loans.[1] However, since mid-2013 a jumbo loan has been cheaper to borrow than a conforming mortgage ...

March 14, 2017

Foreclosure Report Highlights: 10-Year Retrospect of the US Residen...

National Foreclosure Rate Down to Less Than 1 Percent From a High of 3.6 Percent This year marks a decade since the start of the housing crisis.[1] Since mid-2007 more than 7.5 million homes have been foreclosed on according to a 10-year retrospect of the U.S. residential foreclosure crisis, “Uni...