REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

Delinquencies Growing; More Government Assistance Needed; Rates Rising Quickly

Delinquencies Growing; More Government Assistance Needed; Rates Rising Quickly

COVID-19 continued to impact mortgage performance in May. CoreLogic said the number of loans in each stage of delinquency, with the exception of those in foreclosure, grew in May, the second straight month that early-stage (loans 30 to 59 days past due) and adverse (loans 60 to 89 days past due) delinquencies were up on an annual basis. The company's monthly Loan Performance Insights report, notes year-over-year increases in overall delinquencies in all 50 states with the geography of the increases highly correlated with the pandemic's impact. The national foreclosure rate, which includes all post due loans including those in foreclosure, more than doubled compared to May 2019 , rising from 3.6 percent to 7.3 percent of all mortgages. Early stage delinquencies increased from 1.7 percent a year
No Comments

Sorry, the comment form is closed at this time.