Homeowners’ ability to make their mortgage payments improved for the second straight quarter, according to the Mortgage Bankers Association’s (MBA) latest National Delinquency Survey.
The 92-basis-point drop in the delinquency rate in the fourth quarter of 2020 was the biggest quarterly decline in the history of MBA’s survey dating back to 1979.
However, MBA said the decline in mortgage delinquencies tells only part of the story. Read on for more details.
TO READ THE FULL STORY
Cover Story: