Mortgage delinquencies down to 2007 level

Mortgage delinquencies

Mortgage delinquencies

By Jann Swanson | Mortgage News Daily

The delinquency rate for one-to-four unit residential mortgages decreased for the fifth consecutive time in the second quarter of 2014.  The resulting seasonally adjusted rate of 6.04 percent of all such loans outstanding was the lowest since the fourth quarter of 2007.  The rate is down 7 basis points from the first quarter and is 92 basis points below the level in the second quarter of 2013.

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 [Photo credit: Lending Memo]

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