Mortgage delinquency rates hit pre-recession low
Information from a newly launched assessment tool shows mortgage delinquency rates have dropped to levels not seen since before the recession, the Consumer Financial Protection Bureau said.
According to the CFPB’s Mortgage Performance Trends tool, the national rate of seriously delinquent mortgages peaked at 4.9 percent in 2010. As of March 2017, the rate had fallen to 1.1 percent, the lowest level since 2008.
That recovery extends to the recession’s hardest hit states. [Continue]