Monday, November 14, 2011

Schedule Update: MBA's 3rd Quarter 2011 National Delinquency Survey will be released Thursday

by Bill McBride on 11/14/2011 06:31:00 PM

An update to the weekly schedule ...

----- Thursday, Nov 17th -----

10:00 AM: Mortgage Bankers Association (MBA) 3rd Quarter 2011 National Delinquency Survey (NDS)

The following graph shows the percent of loans delinquent by days past due for Q2.

The MBA reported 8.44% of mortgage loans were delinquent at the end of Q2, seasonally adjusted, and another 4.43% were in the foreclosure process (total of 12.87%, essentially unchanged from Q1).

MBA Delinquency by PeriodClick on graph for larger image.

This graph shows the percent of loans delinquent by days past due in Q2. Based on other data, the delinquency rate probably decreased slightly in Q3.

However the key problem is the large number of seriously delinquent loans (90+ days and in the foreclosure process). And there probably was little change in those percentages in Q3.