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Calm Before the Storm: Delinquency Rates Hit New Lows in February
Tuesday, May 12, 2020
CoreLogic's Loan
Performance Insights Report has shown only incremental changes, primarily
declines, in most of its measures of delinquency. The most recent report,
covering February, is more of the same, marking the 26th straight
month that delinquency rates have fallen, and most are now at record lows. However,
the company says it expects, starting with the March report, that those
measures will begin to move higher and that "we could see increases in serious
delinquencies as high as four-fold by the second half of 2021." CoreLogic said the national delinquency rate,
mortgages that were 30 days or more past due including those in foreclosure was
3.6 percent in February. This was down 0.4 percentage points from February 2019.
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