U.S. mortgage delinquency rate rises from 18-year low, MBA reports

U.S. mortgage delinquency rate rises from 18-year low, MBA reports
The share of U.S. homeowners who paid mortgages late in the first quarter rose from an 18-year low at the end of 2018, the Mortgage Bankers Association said on Tuesday. Even with the increase, the rate was the fourth-lowest on record. The so-called foreclosure inventory, meaning the share of all loans in foreclosure, was 0.92%, the lowest level since 1995.
Source: https://www.housingwire.com/rss