6.8.21
CoreLogic in its latest Loan Performance Insights Report shows the country’s mortgage delinquency rate is moving closer to pre-pandemic levels as early-stage delinquencies show signs of improvement. This past March, 4.9% of all mortgages in the U.S. were in some stage of delinquency or foreclosure. This month’s overall delinquency marks the lowest rate since March 2020 when it was 3.6%. A recent CoreLogic survey of mortgage holders shows that 89% of respondents are current on their mortgage payments. According to CoreLogic, the third round of government stimulus checks and the extension of forbearance programs this past March were contributing factors to these trends.