April 1, 2024

CoreLogic Loan Performance Insights

CoreLogic reported on mortgage performance data through January 2024. In this release we see that payments on mortgages that are 30-days or more delinquent fell from 3.1% to 2.8%. With this drop this is now in line with where it has been over the last few years.

Serious Delinquency or 90+ days delinquent rose at 1% but was still lower than the 1.2% rise that we saw last year in January 2023. There were four metropolitan areas where the Serious Delinquency Rate increased. There were 32 metropolitan areas where the Serious Delinquency Rate stayed the same. There were 348 metropolitan areas where the Serious Delinquency Rate decreased.

The foreclosure inventory rate stayed the same as it was in January 2023 at 0.3% which is just off the lowest level on record.

According to CoreLogic, “Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To more comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates that indicate the percent of mortgages moving from one stage of delinquency to the next.”

Source : https://bit.ly/3TVvN7z

By: Jon Iacono
A Family

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