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Mortgage delinquencies dip in Q2 but rise year over year
The seasonally adjusted delinquency rate fell to 4.37% in Q2 2026, but serious delinquencies climbed to 2.06% and foreclosure inventory rose to 0.67%.
Mortgage delinquencies eased slightly in the second quarter of 2026, but the overall level remains higher than a year earlier, according to the Mortgage Bankers Association (MBA) National Delinquency Survey cited by HousingWire. The seasonally adjusted mortgage delinquency rate declined to 4.37% of all loans outstanding at quarter end, down 7 basis points from Q1 but up 44 bps versus the prior year.
The survey also showed more loans sliding into later stages of delinquency year over year. Foreclosure inventory increased to 0.67%, up 3 basis points from the first quarter and 19 bps from a year earlier, HousingWire reported.
By delinquency age, the 30-day rate fell 3 bps to 2.21% and the 60-day rate dropped 5 bps to 0.73%, while the 90-day delinquency rate edged up 1 bps to 1.43%. Delinquencies declined on a quarterly basis across major loan types, but conventional, FHA, and VA delinquency rates were all higher than a year earlier.
HousingWire added that seriously delinquent loans, defined as at least 90 days past due or in foreclosure, rose to 2.06% on a non-seasonally adjusted basis. That was up 3 bps from the previous quarter and 49 bps from a year earlier, with particularly large year-over-year increases for FHA borrowers.