Mortgage default rate rises in the triad for the second quarter | Local


The percentage of Triad homeowners behind on their mortgage payments continued to rise in the second quarter, according to a report by national real estate research firm CoreLogic.

The report focuses on the delinquent mortgage market, with “delinquent” being defined as a late payment of at least 30 days.

The delinquency rate was 2.91% in the Winston-Salem metropolitan statistical area of ​​Forsyth, Davidson, Davie, Stokes and Yadkin counties, up from 2.36% in the first quarter.

The most recent highest score was 7.3% in January 2016.

There are a number of ways to pay off your mortgage faster. Here are some of the options available. PennyGem’s Johana Restrepo has more.

The default rate also increased for mortgage payments over 90 days past due to 0.47%, from 0.36% in the first quarter.

Both figures include homes in the foreclosure pipeline.

For the Greensboro-High Point MSA in Guilford, Randolph and Rockingham counties, the 30-day delinquency rate fell from 2.15% to 2.63% and the 90-day delinquency rate from 0.33% to 0.48%.

For the Greensboro-High Point MSA of Guilford, Randolph and Rockingham counties, the 30-day delinquency rate was 5.5% in March, down from 4.7% a year earlier. The delinquency rate over 90 days was 3.9%, down from 1.5% a year ago.

CoreLogic officials have warned that COVID-19-related economic shutdowns will lead to payment delays during the pandemic. Some lenders have offered forbearance to homeowners whose jobs have been cut or laid off.

Leave A Reply

Your email address will not be published.