U.S. mortgage delinquencies rise from 10-year low -MBA

 

More U.S. homeowners fell behind on their mortgage payments in the final quarter of 2016, raising the level of delinquent home loans from its lowest level in a decade, the Mortgage Bankers Association said on Wednesday. At the same time, fewer homeowners saw their loans go into foreclosure last quarter, sending the level of new foreclosures to its lowest since the fourth quarter of 1988, the Washington-based industry group said. The latest figures on delinquency and foreclosure rates, which are predictors on defaults, suggested homeowners remain in solid shape to meet their debt obligations, according to MBA.

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