CoreLogic: Mortgage Delinquency Rate Fell Nearly 2 Percentage Points In April
Summary
CoreLogic’s April 2022 Loan Performance Insights Report, released Tuesday, found 2.9% of all mortgages in the U.S. were in some stage of delinquency, meaning 30 days or more past due, including those in foreclosure. All states and metro areas posted annual declines in their overall delinquency rates for the month of April. Adverse Delinquency, categorized as 60 to 89 days past due, remained unchanged from April 2021 at 0.3%. Serious Delinquency, which is 90 days or more past due, including loans in foreclosure, was at 1.4%, a large dip from 3.3% in April 2021 and August 2020’s high of 4.3%. “The U.S. foreclosure rate edged up in spring 2022 after hitting a historic low at the end of 2021,” said Molly Boesel, principal economist at CoreLogic.
