Fannie and Freddie: Single-Family Mortgage Delinquency Rate Mostly Unchanged in September
CoreLogic: US Serious Mortgage Delinquency Rate Drops to All-Time Low in August
I’ve argued that there would not be a huge wave of single-family foreclosures this cycle since lending standards have been solid and most homeowners have substantial equity. That means we will not see cascading price declines like following the housing bubble. Delinquencies are a trailing indicator but are something to watch.
However, there is some conce…