US Edition
Mortgage Defaults Are Exploding: What Smart Investors See Coming
4 Articles
4 Articles
The balance of the loans defaulted and withdrawn from its balance sheets by the bank is reduced after two years of expansion, although it continues in high levels.In May, the portfolio punished by the banks reached S/ 3.164 million, 35% lower than the S/ 4.873.2 million recorded in the same period of the previous year, according to data from the Superintendency of Banking, Insurance and AFP (SBS).The reduction is due, in part, to the fact that 2…
Mortgage delinquencies are rising as homeownership costs pile up
Rising property taxes, insurance payments and growing delinquencies are eroding the promise of long-term stability in homeownership, according to a new blog from Cotality. The post revealed that across the country, more people are starting to fall behind on their mortgages due to the post-purchase costs. These include property taxes and homeowners insurance, both of which are rising faster than many homeowners can keep up with. Cotality data fro…
Mortgage Delinquencies in Toronto Hit 12-Year High as Rate Triples to 0.22%
Mortgage delinquencies in the Greater Toronto Area have tripled to their highest level in over a decade, reaching approximately 0.22% in early 2025 as homeowners struggle with rising interest rates and soaring living costs. The delinquency rate has tripled from pandemic-era lows and now exceeds levels last seen in 2014, according to Equifax Canada data analyzed by Better Dwelling. Toronto’s mortgage delinquency rate has tripled — now the highes…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
