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It Starts: Mortgage Delinquencies Suddenly Soar at Record Pace

It Starts: Mortgage Delinquencies Suddenly Soar at Record Pace And this is just for April, the very beginning of the Pandemic’s impact on housing. OK, it’s actually worse. Mortgages that are in forbearance and have not missed a payment before going into forbearance don’t count as delinquent. They’re reported as “current.” And 8.2% of all […]

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What Can Cause the Next Mortgage Crisis in the US?

What Can Cause the Next Mortgage Crisis in the US? The soothingly low mortgage delinquency rate is a deceptive indicator: the New York Fed weighs in. Mortgage delinquencies at all commercial banks in the US inched down to 3.14% in the second quarter, the lowest since Q2 2007, according to the Federal Reserve. But after […]

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Long-Term Mortgage Delinquencies Seriously Under-Reported

Long-Term Mortgage Delinquencies Seriously Under-Reported Keith Jurow, a real estate analyst and author of the Capital Preservation Real Estate Report, pinged me a few days ago with his analysis that suggests long-term mortgage delinquencies are seriously under-reported. Hi Mish, I thought you might be interested in the important clarification I just received from my contact at the […]

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