Page 3 - Serious Delinquency News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Mortgage Delinquencies Fell in February 2022, CoreLogic Finds
mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.
CoreLogic: First Annual Decrease in U S Delinquency Rates — RISMedia
rismedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rismedia.com Daily Mail and Mail on Sunday newspapers.
Q1 2021 TransUnion Industry Insights Report explores credit trends one year after COVID-19CHICAGO, May 19, 2021 (GLOBE NEWSWIRE) Despite the shockwaves felt from the COVID-19 pandemic, the consumer credit market is strongly positioned as many parts of the country prepare to enter new phases of re-opening this summer. The just-released Q1 2021 TransUnion (NYSE: TRU) Industry Insights Report found that consumers are performing well one year since the pandemic began as serious delinquency rates remain mostly down and loan originations continue to rise from COVID-19 lows. The improvements are occurring against a backdrop of a pandemic that caused one of the greatest shocks in the history of the American economy. In March 2020, the unemployment rate stood at 4.4%. In April 2020, it jumped to 14.7% the highest reading since 1940. A consequence of this dramatic rise was an equally immense slowdown in loan originations. Some lenders tightened their standards and consumers held back on open
FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the
unsubscribing link in the footer of each email.
Name:
posted on 13 May 2021
from the New York Fed
The Federal Reserve Bank of New York s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows that total household debt increased by $85 billion (0.6%) to $14.64 trillion in the first quarter of 2021. The total debt balance is now $344 billion higher than the year prior. While mortgage, auto loan, and student loan balances have continued to increase, credit card balances have substantially decreased.
from CoreLogic
The Loan Performance Insights Report for February 2021 5.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.1-percentage point increase in the overall delinquency rates compared to February 2020. The slight (0.1 percentage point) increase over January 2021 marks the first uptick in month-to-month national delinquency since August 2020.
To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency. In February 2021, the U.S. delinquency and transition rates, and their year-over-year changes, were as follows:
·
·
·
Serious Delinquency (90 days or more past due, including loans in foreclosure): 3.7%, up from 1.2% in February.
vimarsana © 2020. All Rights Reserved.