0 minute readMortgage 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.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio