Mortgage delinquency rate lowest in a decade?

May 10, 2012 by josephine.munis

A vintage analysis comparing 60 or more days past due (DPD) delinquency performance at the one-year mark for mortgages originated between 2002 and 2010 shows that 2010 outperformed previous years, with a delinquency rate of 0.37 percent. The worst- performing vintage was 2006, with a 60 or more DPD delinquency rate of 3.84 percent – more than 10 times the delinquency rate of 2010.

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Source: Experian-Oliver Wyman Market Intelligence Reports