The seasonally-adjusted delinquency rate for 1-4 family homes fell18 bps to 7.40% in Q3,...
The seasonally-adjusted delinquency rate for 1-4 family homes fell18 bps to 7.40% in Q3, according to the MBA. The rate fell 59 bps on a Y/Y basis. The percentage of loans in some sort of delinquency fell to 11.71% from 12.63% a year ago. "A significant drop in the shadow inventory of distressed loans (is) a real positive for the housing market." (see Blackstone - buying up everything it sees).
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