Delinquency Data

The delinquency rate for mortgages on one-to-four-unit residential properties, including loans in forbearance if a payment was not made, jumped from 4.36% in 20Q1 to 8.22% in 20Q2. This is the biggest quarterly jump ever and 8.22% is the highest rate since 11Q2. The rate peaked in 10Q1 at 10.06%. The good news, the 30-day delinquency rate fell 1/3 of a percentage point, suggesting new delinquencies may have peaked.