CoreLogic’s Loan Performance Insights Report for September 2022 has found that 2.8% of all mortgages nationwide (approximately 1.4 million loans) were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.1 percentage point decrease compared to 3.9% in September 2021. The nation’s overall delinquency rate dropped for the 18th straight month Continue Reading
Archives for November 2022
Mortgage Defaults: What We Learned from 2007
A new white paper by Gopal "Sharath" Sharathchandra, the SVP of Financial Solutions for Ventera, entitled “How High Will Mortgage Defaults Go? Lessons from the 2007 Recession” forecasts the impact of the recent decline in home prices and the effects it might have on the mortgage market. According to Sharathchandra, price declines are likely to mirror those seen in 2007, but across a Continue Reading
