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21 MORTGAGE DELINQUENCIES: 'CLOUDS ON THE HORIZON' e nation's overall delinquency rate for May reached its highest level since February 2014, according to the latest Loan Performance Insights report published by CoreLogic. During May, 7.3% of mortgages were delinquent by at least 30 days or more. e number includes those in foreclosure. is represents a 3.7% increase from the May 2019 overall delinquency rate. e rate for early-stage delinquencies–defined as between 30 to 59 days past due–was 3% in May, up from 1.7% on a year-over-year measurement. e share of mortgages that were 60 to 89 days past was 2.8%, a 0.6% uptick from the previous year. e serious delinquency rate–defined as 90 days or more past due, including loans in foreclosure–was 1.5%, a slight increase from 1.3% in May 2019 and the first annual increase in serious delinquencies since November 2010. Downward motion was recorded in the foreclosure inventory rate, which hit 0.3% in May, down from 0.4% one year earlier. is is the lowest foreclosure rate for any month since at least January 1999. e share of mortgages that transitioned from current to 30-days past due was 2.2%, compared to 0.8% one year earlier. Among the states, New York led the nation with an overall delinquency rate of 11.4%, followed by neighboring New Jersey at 11% and Louisiana at 10.6%. CoreLogic noted that nearly every metro area posted an annual increase in their overall delinquency rate, most notably Miami with an increase of 9.2 percentage points and Odessa, Texas, up 9 percentage points. CoreLogic added that there were 296 metropolitan areas where the serious delinquency rate increased and 52 where the rate remained the same. "Government and industry relief programs have helped to cushion the initial financial blow of the pandemic for millions of U.S. homeowners," said Frank Martell, President and CEO of CoreLogic. "COVID-19 and the resulting pressures continue to influence the economic activity of many house- holds. Barring additional intervention from the federal and state governments, we are likely to see meaningful spikes in delinquencies over the short to medium term." Journal • Loss Recovery • Component Servicing • Legal Back Office Support • Property Inspections • Property Preservation • Property Repairs • Code Enforcement • Property Registration • Hazard Claim Recovery • CWCOT Auction • REO Auction INSIGHT ONE SOLUTIONS A family of companies strategically aligned to offer end to end life cycle solutions Complete third party services provider Solutions services a la carte or through blended approach Nationwide coverage, including Puerto Rico and US Virgin Islands Serving both originators and servicers, onsite or off site

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