Mortgage Delinquency Rates Continue to Drop

In yet another sign of a stable and even vibrant housing market, more and more homeowners are current on their mortgage payments.

According to Black Knight Inc.'s First Look at January 2019 mortgage data, mortgage payment delinquencies continued to improve with a 3.45% drop month-over-month and a 12.93% decline year-over-year down to a rate of only 3.75% (based on loans 30 days or more past due but not in foreclosure). That represents a total of 1,945,000 homes.

The highest non-current percentages were in Mississippi (10.10%), followed by Louisiana (7.96%), Alabama (6.75%), West Virginia (6.42%), and Arkansas (6.04%). These states, except West Virginia, are also in the top 5 for serious (90+ days) delinquencies along with Delaware.

The states with the largest deterioration of non-current percentage in the past 6 months are DC, Nebraska, Illinois, South Dakota, and Iowa.

Colorado posted the smallest non-current percentage at 1.82% followed by Oregon (2.03%), Washington (2.15%), Idaho (2.20%), and Utah (2.45%).

Source: Black Knight First Look

Tags

Trackbacks

No Trackbacks

Comments

Display comments as Linear | Threaded

No comments

Leave A Comment

Enclosing asterisks marks text as bold (*word*), underscore are made via _word_.
Standard emoticons like :-) and ;-) are converted to images.

To prevent automated Bots from commentspamming, please enter the string you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.
CAPTCHA

Submitted comments will be subject to moderation before being displayed.

© 2017 Designed and Hosted by McNee Solutions