The Mortgage Bankers Association said a smaller percentage of consumers were late with their mortgage loans than at any time since the end of 2007.
The Washington, D.C.-based trade group reported Nov. 14 the delinquency rate for mortgage loans decreased to a seasonally adjusted rate of 5.85% of all loans outstanding at the end of the third quarter of 2014.
This is the sixth straight quarter of delinquency declines, the MBA said citing its National Delinquency Survey.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
