The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through December 2021.
Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To more comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates that indicate the percent of mortgages moving from one stage of delinquency to the next.
The report is published monthly with coverage at the national, state and Core Based Statistical Area (CBSA)/Metro level and includes transition rates between states of delinquency and separate breakouts for 120+ day delinquency.
In December 2021, 3.3% of mortgages were delinquent by at least 30 days or more including those in foreclosure.
This represents a 2.4-percentage point decrease in the overall delinquency rate compared with December 2020. This is the lowest recorded overall delinquency rate in the U.S. since at least January 1999.
The U.S. unemployment rate declined for the sixth straight month in December 2021 to the lowest since the beginning of the COVID-19 pandemic. Meanwhile, national home prices increased by 18.5 percent year over year, helping more owners regain equity. The combination of these dynamics pushed the overall mortgage delinquency and foreclosure rates to the lowest levels that CoreLogic has recorded in more than two decades...
