IRVINE, Calif., October 12, 2021—CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for July 2021.
For the month of July, 4.2% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease in delinquency compared to July 2020, when it was 6.5%. While overall delinquencies remain above the February 2020, pre-pandemic rate of 3.6%, this is the lowest rate since last March.
To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency. In July 2021, the U.S. delinquency and transition rates, and their year-over-year changes, were as follows:
While we continue to see serious delinquencies improve, approximately one million people nationwide have been unable to make payments for at least half a year...