The second quarter of 2012 showed a modest but expected increase
in the delinquency rate for mortgages on one-to-four bedroom
residences nationwide compared to the previous quarter. The
increase brought the percent of all borrowers currently delinquent
on their loans to 7.58 percent, an uptick of 18 basis points from
the beginning of the year.
However, this marks a decrease of 86 basis points from the same
period in 2011, according to the National Delinquency Survey from
the Mortgage Bankers Association (MBA). In the report, the MBA
acknowledges that delinquency rates typically see a slight increase
yearly in the second quarter, as borrowers have trouble tightening
their budgets before the summer months.