Mortgage-Delinquency Rates Edge Lower in Late 2013, Small Increase in Less-Severe Categories
February 27, 2014
Mortgage-delinquency rates continued to improve as 2013 came to a close, ending the year at the lowest level in over five years. The overall delinquency rate was 7.73 percent as of the end of December, according to the Inside Mortgage Finance Large Servicer Delinquency Index, the lowest reading since the third quarter of 2008, when it was 7.42 percent and rocketing higher....
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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