Investopedia explains 'Mortgage Bankers Association's National Delinquency Survey - NDS'
According to the Mortgage Bankers Association (MBA), the survey's delinquency and foreclosure measures are divided into loan type (prime, subprime, VA and FHA), and fixed and adjustable rate products. Categories include new foreclosures, foreclosure inventory, total delinquencies, delinquency by past due category (30-59 days past due, 60-89 days and 90 days and over), and seriously delinquent loans. The total number of loans serviced each quarter is also included in the data collected. The survey data is seasonally adjusted to account for trends.
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