Basis

Delinquency Rates Drop Hundreds of Basis Points Year-Over-Year

The national delinquency rate has seen a massive improvement over the last year. The Mortgage Bankers Association (MBA) reports that, at the end of the third quarter of 2021, the rate was 4.88 percent of all outstanding loans. This is 59 basis points (bps) lower than the rate in the second quarter and a decline […]

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