---
title: "Cotality Current-to-30-Day Mortgage Transition Rate"
slug: first-missed
summary: "0.6% of mortgages went from current to 30 days late in the last month of Q1 2026, the same as a year earlier"
category: "Housing"
unit: percent
frequency: quarterly
direction: higher_is_worse
latest_value: 0.6
latest_period: "2026-Q1"
trend: stable
last_updated: "2026-07-06T00:00:00Z"
source: "CoreLogic / Cotality Monthly Report"
measurement_basis: "Share of mortgages that transitioned from current status to 30 days past due during the reported month. This is a flow of mortgages or loans, not the stock already 30–59 days past due and not a share of borrowers."
source_url: https://www.cotality.com/press-releases/u-s-foreclosure-rate-reaches-six-year-high
canonical_html: https://americandefault.org/indicators/first-missed/
citation_apa: "Kilburn, R. (2026). Cotality Current-to-30-Day Mortgage Transition Rate [Data set]. American Default Research. https://americandefault.org/indicators/first-missed/"
citation_chicago: "Kilburn, Ross. 2026. \"Cotality Current-to-30-Day Mortgage Transition Rate.\" American Default Research. https://americandefault.org/indicators/first-missed/."
citation_mla: "Kilburn, Ross. \"Cotality Current-to-30-Day Mortgage Transition Rate.\" American Default Research, 2026, americandefault.org/indicators/first-missed/."
---

# Cotality Current-to-30-Day Mortgage Transition Rate

Also tracked as First Missed.

> 0.6% of mortgages went from current to 30 days late in the last month of Q1 2026, the same as a year earlier

## Current Reading

As of 2026-Q1, Cotality Current-to-30-Day Mortgage Transition Rate is **0.6%** (stable).

of mortgages went from current to 30 days late in a single month

## What Changed

- 0.6% of first-lien mortgages in Cotality's data went from current to 30 days past due in the last month of Q1 2026, the same as a year earlier.
- Cotality compares each month with the same month a year earlier and does not state seasonal adjustment.

## Recent Values

| Period | Value |
|--------|-------|
| 2026-Q1 | 0.6% |
| 2025-Q4 | 0.7% |
| 2025-Q3 | 0.7% |
| 2025-Q2 | 0.6% |
| 2025-Q1 | 0.6% |
| 2024-Q3 | 0.8% |
| 2024-Q2 | 0.9% |

## Historical Context

- Peak since 2024: **0.9%** in Q2 2024
- Low since 2024: **0.6%** in Q1 2025

## Methodology

This indicator carries quarterly observations and is interpreted as higher values indicate worse household conditions. Source: CoreLogic / Cotality Monthly Report.
Measurement basis: Share of mortgages that transitioned from current status to 30 days past due during the reported month. This is a flow of mortgages or loans, not the stock already 30–59 days past due and not a share of borrowers.
Automation: parsed from the source's published reports via the Anthropic Claude API.

## Source

CoreLogic / Cotality Monthly Report — [https://www.cotality.com/press-releases/u-s-foreclosure-rate-reaches-six-year-high](https://www.cotality.com/press-releases/u-s-foreclosure-rate-reaches-six-year-high)

Data retrieved: 2026-07-06T00:00:00Z

## Related Indicators

- [mortgage-delinquency-rate](https://americandefault.org/indicators/mortgage-delinquency-rate/)
- [the-pipeline](https://americandefault.org/indicators/the-pipeline/)

## Machine-Readable Endpoints

- HTML page: https://americandefault.org/indicators/first-missed/
- JSON: https://americandefault.org/api/indicators/first-missed.json
- CSV: https://americandefault.org/api/downloads/first-missed.csv
- BibTeX: https://americandefault.org/citations/first-missed.bib
- RIS: https://americandefault.org/citations/first-missed.ris

## Citation

**APA 7th**

    Kilburn, R. (2026). Cotality Current-to-30-Day Mortgage Transition Rate [Data set]. American Default Research. https://americandefault.org/indicators/first-missed/

**Chicago (author-date)**

    Kilburn, Ross. 2026. "Cotality Current-to-30-Day Mortgage Transition Rate." American Default Research. https://americandefault.org/indicators/first-missed/.

**MLA 9th**

    Kilburn, Ross. "Cotality Current-to-30-Day Mortgage Transition Rate." American Default Research, 2026, americandefault.org/indicators/first-missed/.

Use **American Default Research** as the institutional name in source lists, bibliographies, and press citations. **American Default** is the brand and URL form. **American Distress Index (ADI)** is the product name for the national composite score.