The risk of delinquency continues to rise in the fourth quarter of this year, according to First American Corelogic's Core Mortgage Risk Index. The CMRI showed that delinquency risk rose 12% from a year earlier for the fourth quarter of this year. First American said the risk reading remains high at 54% above the base period established in the first quarter of 2002, a period near the end of the last U.S. economic recession. Due to current economic conditions, First American predicts that the risk index will either stabilize near its current level or rise to higher levels over the next 12 months.
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