General World News

Delinquency rate rises for first time in 9 months

After eight consecutive months of improvement, the national mortgage delinquency rate rose in February from to 6% from 5.85%, according to a report from Black Knight on Tuesday. The data giant pointed to February’s seasonality as it is a shorter month and ended on a Sunday this year, allowing for fewer days to process payments.

Last month’s uptick was mainly driven by an increase in the number of properties that are in early stage delinquency (30 days or more past due) but are not yet in foreclosure. That figure jumped by 56,000 households in February. The number of loans that were 90 or details ⇒

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