Improving Economy Supports Mortgage Loan Performance

CoreLogic’s monthly Loan Performance Report, released January 11, shows that October’s mortgage delinquency rate, which has been steadily declining, has returned to pre-pandemic levels at 3.8% overall delinquency compared to 3.7% in October 2019. The improvement is credited to the healthy job market, home equity increases and federal assistance programs and is expected to “trend down over the balance of this year.”

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