Mortgage delinquencies stay low

Only three percent of U.S. mortgages were in some stage of delinquency in February, down 0.4 percent year-over-year but a slight increase – 0.2 percent – from January, according to data released today.

One point four percent of all mortgages were 30 to 59 days past due in February, unchanged from the first month of the year, CoreLogic in Irvine reported.

Adverse delinquencies – 60 to 90 days overdue – registered 0.4 percent, unchanged from February 2022, Serious delinquencies – 90 days or more past due, including foreclosures – stood at 1.2 percent, down from 1.7 percent year-over-year.

Only 0.3 percent of all mortgages were in some stage of foreclosure in February, essentially unchanged from February 2022.

In the Inland Empire, early-stage delinquencies were at 2.9 percent in February, down 0.4 percent from one year earlier.  Serious delinquencies and foreclosures – one percent and 0.2 percent – were down 0.5 percent and 0.1 pe