The Commercial Mortgage delinquency rate declined 26 basis points to 2.68 percent in October for the fourth consecutive month of declined, according to a new report from Morningstar Credit Ratings LLC. The unpaid balance of commercial mortgages fell 4.5 percent and securitized mortgages rose above $800 million for the first time since 2009.
In March 2017, 4.4 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure, down 0.8 percent from March 2016, according to a report released from CoreLogic, a property information firm.
The national 30-plus days delinquency rate dropped to 5 percent in February 2017, its lowest level since September 2007, according to a report released today by CoreLogic, a global property information company.
Some consumer delinquencies ticked up in the third quarter of 2016, though they remained near historic lows, the American Bankers Association (ABA) said today.
Delinquency rates on mortgage loans across the country continued to decline in the third quarter, according to a recent release from the Mortgage Bankers Association.
