Fannie and Freddie: Single-Family Mortgage Delinquency Rate Declined, Multi-Family Increased in August
CoreLogic: US Mortgage Performance Remains Exceptionally Strong in July
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 con…