Mortgage delinquencies lower in first quarter of 2017 » Mortgage Masters Group

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The delinquency rate for mortgages on one- to four-unit homes decreased to 4.71 percent in the first quarter, down 9 basis points from the fourth quarter and 6 basis points lower from a year earlier.

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 · First-quarter 2015 results exclude a charge of $63 million relating to a debt refinancing by Lazard Ltd’s subsidiary Lazard Group LLC, which completed a refinancing of a substantial majority of the outstanding $548 million of 6.85% senior notes maturing on June 15, 2017 (the “2017 Notes”).

 · During the quarter, gross proceeds from the closing of the Allianz joint venture, including $330 million of secured mortgage debt placed on the portfolio and the 3.

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Our loan portfolio increased by $354 million from year end and has grown nearly $1.4 billion or 26% from first quarter 2017. s mortgage operation will remain the same. We’re going to leave them.

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Delinquencies Rise in First Quarter, but Foreclosure Starts Hold Steady By brianlego on May 10, 2013 (). The seasonally adjusted mortgage delinquency rate increased 16 basis points over the first quarter of 2013, increasing to 7.25%. Even with this quarterly increase, the current share of mortgage loans at some stage of delinquency still ranks as the second-lowest reading since 2008.

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