The hottest Delinquency Substack posts right now

Mortgage delinquencies slightly increased to 3.98% in Q4 2024 compared to the previous quarter. This means more people are missing their mortgage payments.
FHA and VA loans are seeing a bigger rise in delinquency rates compared to conventional loans. This is concerning, especially as the gaps in these rates are growing.
States like Florida and South Carolina had the largest increases in delinquency rates. Natural disasters, like hurricanes, may be partly to blame for this rise.

Single-family serious delinquency rates showed a slight increase in October, marking 0.55% for Freddie Mac and 0.52% for Fannie Mae. This is still lower than delinquency rates before the pandemic.
Multi-family serious delinquency rates also rose, with Fannie Mae's rate reaching its highest since 2011, excluding pandemic data. This indicates growing challenges in the multi-family housing market.
Delinquent loans are defined as being three or more payments past due or in foreclosure. Despite some increases, many recent loans from 2009 to 2023 are still faring well, indicating overall improvement in loan performance.

Raising taxes on vacant land in Detroit may not lead to a new tax foreclosure crisis.
Vacant residential lots are the most susceptible to tax foreclosure under the Land Value Tax proposal.
Even if all vacant lots' owners stopped paying taxes, the revenue implications would be small compared to the total property tax levy of the city.

There was a 10% increase in tax delinquent Detroit homeowners as of August 2023 compared to August 2022.
This increase in delinquency was driven by fewer homeowners paying off their debt and more homeowners falling into delinquency.
Notable concentrations of newly tax delinquent homeowners in areas like northeast Detroit, west side, and southwest Detroit were observed in August 2023.

Fannie Mae Single-Family Mortgage Serious Delinquency Rate is lowest since 2002.
Freddie Mac reported no change in serious delinquency rate in July.
The serious delinquency rates are now below pre-pandemic levels and before housing bust.

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