CoreLogic Reports Early-Stage Delinquencies Declined in January as Impact from 2017 Hurricanes and Wildfires Fades
- Overall Mortgage Delinquency Rate Fell Year Over Year
- Early-Stage Delinquencies Fell 0.1 Percentage Points Year Over Year
- Foreclosure Rate Declined 0.2 Percentage Points Year Over Year
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CoreLogic National Overview of Mortgage Loan Performance, featuring
As of
Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively,
The rate for early-stage delinquencies – defined as 30-59 days past due – was 2 percent in
“The areas hit by last year’s hurricanes and wildfires are experiencing the ‘pig in a python’ effect on their local delinquency rates. Early-stage delinquencies have largely dropped back to normal, while serious delinquency remains elevated,” said Dr.
Since early-stage delinquencies can be volatile,
“Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year,” said
For ongoing housing trends and data, visit the CoreLogic Insights Blog: www.corelogic.com/insights.
Methodology
The data in this report represents foreclosure and delinquency activity reported through
The data in this report accounts for only first liens against a property and does not include secondary liens. The delinquency, transition and foreclosure rates are measured only against homes that have an outstanding mortgage. Homes without mortgage liens are not typically subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage.
Source:
The data provided is for use only by the primary recipient or the primary recipient's publication or broadcast. This data may not be re-sold, republished or licensed to any other source, including publications and sources owned by the primary recipient's parent company without prior written permission from
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