According to Cotality’s (formerly CoreLogic) latest Loan Performance Indicators report, the number of mortgages in some kind of delinquency (30 or more days past due, including foreclosures) remained at 2.8%, showing no year-over-year change. As for delinquencies, Serious Delinquencies (90 days or more past due, including loans in foreclosure) saw slight increase from March 2024 and continues its downward trend from a high of 4.3% in August 2020. Cotality’s Loan Performance Indicators analyzes mortgage delinquencies nationally and across major metropolitan areas.
“Mortgage delinquency rates held steady at a low level in the first quarter of 2025. Roughly 40% of metropolitan areas showed increases in the overall delinquency rate, comparable to the share from the fourth quarter of 2024…Those areas posting the largest increases in delinquency rates in early 2025 also experienced natural disasters in 2024, and delinquency rates typically stay elevated in areas with natural disasters for about nine to 12 months. We can expect mortgage delinquency rates to stay low in 2025 and follow movements in the job market.” Said Molly Boesel, senior principal economist at Cotality.
Click here to read the full report at Cotality.
