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Mortgage Delinquency Rates Decline Except in Disaster Areas

A new report shows after the 2018 California Camp Fire, the serious delinquency rate in the area was 21% higher than a year earlier.

Wildfires burn near Fallbrook, Calif., July 2018. (Source: Shutterstock) Wildfires burn near Fallbrook, Calif., July 2018. (Source: Shutterstock)

Mortgage delinquency rate data brought good and bad news: April 2019 was the lowest amount totals in nearly 14 years; but some hurricane and wildfire areas continue to log higher rates.

Irvine, Calif.-based CoreLogic, a property information, analytics and data-enabled technology provider, released its monthly “Loan Performance Insights Report.” The study showed that nationally 3.6% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in April 2019, representing a 0.7 percentage point decline in the overall delinquency rate compared with April 2018, when it was 4.3%. This was the lowest rate for any month in more than 20 years.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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