Definition: The word "mortgage delinquency rates" refers to the rate at which a mortgage is being repaid by its borrower, either successfully or late. The delinquency rate indicates how much money the lender has lost on past payments due to the borrower's non-payment. The word "mortgage delinquency" refers to the financial situation of a borrower who cannot meet their payment obligations for an extended period of time. The delinquent amount is usually calculated by subtracting past payments from current outstanding amounts, and it indicates how much money has been lost in the previous fiscal year due to non-payment. The word "mortgage delinquency rates" can refer to various factors that contribute to the delinquency rate, such as delinquency rates for mortgages based on creditworthiness, delinquent amounts for mortgage payments, and delinquencies related to prepayments or hardship situations. The word "2025" suggests a specific date in the future, but without further context, it is difficult to provide a detailed definition of what the 2025 delinquency rate would be.
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