September marked
additional improvement in loan performance nationwide. CoreLogic says the
national delinquency rate, loans that were 30 or more days past due, including
those in foreclosure, was 3.9 percent. This was down from the 4.0 rate the
company reported in August
and 2.4 percentage points lower than delinquencies
in September 2020. Frank Nothaft, CoreLogic’s chief economist said, “The economic recovery has pushed down the percent of delinquent
borrowers to the lowest level since the pandemic began. The number of borrowers
past due on their mortgage doubled between March and May 2020. The past due
rate in September 2021 was the lowest since March 2020.”

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