Mortgage Bankers Association's National Delinquency Survey - NDS

AAA

DEFINITION of 'Mortgage Bankers Association's National Delinquency Survey - NDS'

A voluntary survey of over 120 mortgage lenders, including mortgage banks, commercial banks, thrifts, savings and loan associations, subservicers, credit unions and life insurance companies, aimed at measuring the overall non-payment of mortgage loans. The Mortgage Bankers Association's National Delinquency Survey collects data from the Census Bureau and other industry data. The quarterly reports produced from this survey includes residential mortgage delinquency and foreclosure rates at the national, regional and state levels.

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.

RELATED TERMS
  1. Foreclosure - FCL

    A situation in which a homeowner is unable to make principal ...
  2. Shadow Inventory

    A term that refers to real estate properties that are either ...
  3. Delinquency Rate

    The percentage of loans within a loan portfolio that have delinquent ...
  4. Mortgage Bankers Association - ...

    The national association that represents the real estate finance ...
  5. Mortgage Forbearance Agreement

    An agreement made between a mortgage lender and delinquent borrower ...
  6. Deed In Lieu Of Foreclosure

    A potential option taken by a mortgagor (a borrower) to avoid ...
Related Articles
  1. Foreclosure Opens Doors For Real Estate ...
    Home & Auto

    Foreclosure Opens Doors For Real Estate ...

  2. Homeowners, Beware These Scams!
    Home & Auto

    Homeowners, Beware These Scams!

  3. Short Sell Your Home To Avoid Foreclosure
    Options & Futures

    Short Sell Your Home To Avoid Foreclosure

  4. Avoiding Foreclosure Scams
    Personal Finance

    Avoiding Foreclosure Scams

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center