Posted To: MND NewsWireMortgage performance understandably deteriorated over the course of 2020. Black Knight, in its "first look" at December data, noted that the year ended with 1.54 million more delinquent mortgages and 1.7 million more that were seriously delinquent than at the start, calling it "a looming reminder of the challenges facing the market in 2021 ." The situation did continue to improve as the year ended. The national delinquency rate fell 3.9 percent from November to December and the resulting rate of 6.08 percent of all active loans was the lowest since April 2020 when the financial effects of the pandemic kicked in. It is however, nearly 79 percent higher than the rate at the end of 2019. Serious delinquencies, loans 90 or more days past due but not in foreclosure, also declined, dropping by 47...(read more)
Sometimes mortgage companies come up with unique or clever names, and other times they just name themselves after exactly what the offer, which seems to be the case with âLow VA Rates.â Yes, thereâs a mortgage company bearing that name that does quite a lot of business originating VA loans. A couple of similarly-named lenders [&hellip
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