Total loans more than 30 days past due were up slightly to 5.7% in February, according to the monthly CoreLogic Performance Loan report. (CoreLogic)
- Early-stage delinquencies were 1.5% in February 2021, down from 1.8% in February 2020, but up from 1.3% in January.
- The serious delinquency rate was 3.7%, up from 1.2% in February 2020, but was down from 3.8% in January.
NOTE: Mortgage delinquencies have been slowing decreasing after peaking in mid- 2020 and the rate of new delinquencies is at a 22-year low.
Frank Martell, President and CEO of CoreLogic, said in a statement, “Consumer confidence continues to rise as the economy roars back to life. These factors bode well for housing fundamentals in 2021 and as far as the eye can see.”
