delinquency

UK /dɪˈlɪŋkwənsi/ US /dɪˈlɪŋkwənsi/
noun 3

Definitions

noun

1

Misconduct.

2

A criminal offense.

3

A debt that is overdue for payment.

Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to a new report from the Mortgage Bankers Association. […] The quarterly analysis looks at delinquency rates for five of the largest investor groups: FDIC-insured banks and thrifts, commercial mortgage-backed securities, life insurance companies, and Fannie Mae and Freddie Mac.

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