MBA: Mortgage delinquencies continue decline in 4Q14

Jay Brinkmann, the Mortgage Bankers Association’s (MBA’s) Chief Economist, told reporters on Monday that MBA’s National Delinquency Survey (NDS. "The good news is the continued decline in long-term.

The mortgage delinquency rate has fallen to the lowest it’s been in almost eight years. Here’s what’s happening, and where it will likely go. MBA: Mortgage delinquencies continue decline in 4Q14.

Economic factors, such as unemployment and consumers’ controlled spending, continue. absolute levels,"" MBA said in its report. The trade groupââ¬â¢s researchers also noted in their report that.

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.30% of all loans outstanding at the end of the second quarter – down 24 basis points from the first quarter and down 74 basis points from the second quarter of 2014, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Percentage of Loans Current and Performing and in Delinquency Figure 6 provides the quarterly percentage of mortgages in each category of delinquency from the fourth quarter of 2014 through the fourth quarter of 2016. Data show the concentration of seriously delinquent loans has stabilized and foreclosures in process continue to decline. 4Q14. 1Q15

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The numbers “point to a mortgage market on the mend,” said Jay Brinkmann, MBA’s chief economist. Read more about the latest mortgage delinquency numbers. drop for fifth straight week Mortgage rates.

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In addition to its mortgage delinquency data, the MBA found that serious delinquencies continue to decline, falling nearly 7 percent from last year. The percentage of loans in foreclosure continued to decline, falling 12 basis points from 2012’s first quarter and 16 basis points from a year ago to 4.27 percent.

Decline in Delinquencies Expected to Continue. Nine others had rates between 6 and 7 percent. The lowest rates were in North Dakota at 2.1 percent and Colorado at 2.3 and four other states, South Dakota, Washington, Oregon, and Montana had rates between 2.5 and 2.8 percent.

The residential mortgage. a 4-bp decline from 14.01% in the first quarter. The second-quarter report is a mixture of somewhat good news and somewhat bad news,’ according to the MBA’s chief.

Delinquencies will likely continue to edge higher in the coming months. In addition, the most recent data from the Mortgage Bankers Association (MBA) indicates a lower level for CMBS delinquencies.

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