Although the overall mortgage delinquency rate remains up from a year ago, due to the economic impact of the pandemic, it continues to improve on a month-over-month basis and is expected to improve throughout the remainder of this year, two recent reports show.
According to CoreLogic’s Loan Performance Insights Report, the overall mortgage delinquency rate (30 days or more past due, including those in foreclosure) increased 2.1 percentage points year-over-year in February to reach