The first quarter of 2013 saw the national mortgage delinquency rate drop by 21 percent, as compared to last year, down to 4.56 percent. As the housing market continues to make a steady recovery, delinquency rates are expected to drop again for the second quarter of 2013 and for the month of July.
This declining trend held true for Guardian Mortgage in with a total delinquency rate in July or 0.85 percent, down from 0.96 percent in July of 2012 . In Texas, Guardian delivered a delinquency rate of only 0.76 percent and in Michigan a rate of 1.04 percent. These numbers represent the second best month Guardian Mortgage has seen since 2009.
Throughout the housing market crash and the slow recovery which began in late 2012, Guardian Mortgage has operated with one of the lowest delinquency rates in the industry. Through education and personal assessments of our customer’s overall financial portfolio and future plans, we work with our customers to find the best loan for them; ensuring a loan that will fits their needs now and in the future.
The cornerstone of our philosophy is that we believe in partnering with our customers for the life of their loan. It’s this level of engagement and relationship building that we feel has allowed us to continue to report some of the lowest delinquency rates and highest customer satisfaction rates over the past 48 years; and, it’s this philosophy that will propel Guardian Mortgage into becoming an industr