Mortgage delinquencies are down across the U.S. — but up in South Florida. Here’s why.
Credit a growing economy or stricter post-crash lending practices, but residential mortgage delinquencies dropped in March to the lowest level in the last 10 years. The report for CoreLogic states t
Mortgage delinquency rates in South Florida dipped in December, but still remained far higher than the national average.
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Mortgage delinquencies dropped across all stages of delinquency in the second quarter of 2018 compared to the first quarter of 2018. The 30-day delinquency rate dropped two basis points from the previous quarter, while the 60-day and 90-day delinquency buckets dropped by eight and 18 basis points respectively.. The MBA. lowest since Q2 2008.
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Quote attributable to freddie mac deputy Chief Economist Len Kiefer: "The U.S. housing market is poised. Home purchase applications are up nearly 14 percent from one year ago, mortgage.
For shoppers and homeowners alike, today’s mortgage market offers plenty to cheer about. After edging up last year. After all, if the economy turns south, your stocks might be down at the same time.
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The GMAC employee’s name also came up in several mortgage foreclosure cases in Florida that are being disputed. among other things. The U.S. Treasury Department, which owns a 56.3 percent stake in.
"Millions of families have been able to come up for air, because they’re no longer underwater on their mortgages," the president said. The two states with the highest mortgage delinquency rates in the nation – Florida and Nevada – also had encouraging yearly drops of 26.8 percent and 28.7 percent respectively, the TransUnion report said.
Mortgage delinquencies are down across the U.S. – but up in South Florida. Here’s why. South Florida’s uptick in early-stage mortgage delinquencies, defined as 30-59 days past due, belies the national trend. According to CoreLogic’s report, the U.S. rate for early-stage mortgage delinquencies was 2.3 percent in October 2017, up 0.01 percent from October 2016.