During the third quarter of this year, 2.7 percent of current mortgage balances transitioned into delinquency, according to new data from the Federal Reserve Bank of New York. That’s up from 2.6 percent that became newly delinquent in the second quarter. Fed officials called the quarterly increase “slight” but noted that the rise follows a …

Continue reading ‘Current Mortgages Turning Delinquent Rises for First Time in a Year’ »