The delinquency rate for mortgage loans on one-to-four-unit residential properties continues to climb, a new report found.
The delinquency rate increased to a seasonably adjusted rate of 4.53 percent of all loans outstanding at the end of the second quarter of 2019, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Read on for more details from the MBA’s survey, which also showed the lowest foreclosure inventory rate since the fourth quarter of 1995.
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