Mortgage delinquencies were largely lower in May, according to Standard & Poor’s Ratings Services, in yet more signs that housing-loan woes may have reached a peak. Recent data from numerous sources have shown either plateauing or small declines in delinquencies from the prior month. According to S&P, the under-performer in May was prime-rated jumbo loans, or mortgages of at least $417,000 at origination.
S&P says mortgage delinquencies largely decline in May
Most Popular Articles
Latest Articles
2024 is not the year to cut corners on staging — here’s why
With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.