This week, CoreLogic will release the Loan Performance Insight Report on Tuesday, April 10. This report monitors U.S. mortgage performance health and tracks mortgage trends by examining all stages of delinquency as well as transition rates from one stage of delinquency to the next.
In the most recent report, covering December of 2017, 5.3 percent of home mortgages were in some stage of delinquency. The foreclosure inventory rate was 0.6 percent for this recorded period, down from 0.8 percent a year earlier. The foreclosure rate was back to the pre-crisis level of 0.6 percent.
The share of mortgages that were 30 to 59 days past due – considered “early-stage” delinquencies – was 2.3 percent in December 2017, while the share of mortgages 60 to 89 days past due was 0.8 percent, the increase of which reflecting the impact of the hurricanes in Texas, Florida, and Puerto Rico.
The current- to 30-day transition rate remained well below housing crisis levels in December at 1.1 percent, and the 30- to 60-day transition rate was 18.8 percent, while the 60- to 90-day transition rate was 38.1 percent.
Here’s what else is happening in the Week Ahead:
- MBA Mortgage Applications, Wednesday, 7 a.m. EST
- FOMC Minutes, Wednesday, 2 p.m. EST
- Treasury Budget, Wednesday, 2 p.m. EST
- Jobless Claims, Thursday, 8:30 a.m., EST
- Fed Balance Sheet, Thursday, 4.30 p.m. EST