WASHINGTON, D.C. (May 16, 2024) – The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 percent of all loans outstanding at the end of the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

The delinquency rate was up 6 basis points from the fourth quarter of 2023 and up 38 basis points from one year ago. The percentage of loans on which foreclosure actions were started in the first quarter remained unchanged at 0.14 percent.

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