Last week, Susan Fahy, EVP and Chief Digital Officer at VantageScore spoke with National Mortgage News to discuss subprime mortgage delinquencies trending upward, according to VantageScore’s October 2023 CreditGauge.

The article notes the trend of small increases in mortgage delinquencies identified in the October 2023 CreditGauge analysis, most prominently seen in the early-stage phase, but apparent across all past-due categories.

While mortgage delinquency measures have been mixed recently, with some emphasizing that upticks tend to be in the early-stage phase, tiny increases across all past-due categories in VantageScore’s data suggest they’re becoming increasingly consistent.

Late-stage subprime mortgage delinquencies in particular have shown a very small but steady uptick recently, rising to 2.69% in October from 1.77% a year earlier and 2.63% the previous month.

Read more here: https://www.nationalmortgagenews.com/news/subprime-mortgage-delinquencies-drift-higher-than-last-year