Low mortgage rates, strong earnings growth, plenty of cash savings and a surge in home equity have pushed the early mortgage delinquency rate to a record low this year. Most of those factors will continue to support borrowers over the next couple of years, keeping early delinquency rates low. However, the serious delinquency rate is still elevated, and that points to a small bump in foreclosures next year as lenders work through the backlog built up during the foreclosure ban.
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