twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.


Delinquency High in SE, Foreclosures High in NE

Total U.S. 30-day delinquency down 51 BPS in Q2

Aug. 8, 2013

By Mortgage Daily staff

The rate of delinquency, including foreclosures, was down on a national basis. States in the Southeast had some of the highest delinquency rates, while the Northeast was where some of the highest foreclosure rates resided. Although the government insured foreclosure rate improved, deterioration was noted in the delinquency rate.

Home loans that were past due at least 30 days, including the foreclosure inventory, accounted for 10.29 percent of all outstanding loans as of June 30.

Delinquency improved from the first quarter, the 30-day rate was 10.80 percent. As of June 30, 2012, the total delinquency rate was 11.85 percent.

The loan performance statistics were outlined in the National Delinquency Survey Q2 2013 from the Mortgage Bankers Association. The full report costs MBA members $300 for national numbers.

Total second-quarter 2013 delinquency reflected a 30-day rate, excluding foreclosures, of 6.96 percent. It was the lowest delinquency rate since mid-2008, when the rate was 6.41 percent.

The rate was 7.25 percent three months earlier and 7.58 percent a year earlier.

Mississippi had the highest 30-day rate, excluding foreclosures, at 11.61 percent. Next was Alabama's 9.25 percent, Georgia's 9.05 percent, Tennessee's 8.82 percent and Louisiana's 8.77 percent.

North Dakota's 2.83 percent was lowest 30-day rate, excluding foreclosures, of any state.

Also factored in to the latest total U.S. rate was a 3.33 percent foreclosure inventory rate, better than 3.55 percent as of March 31 and 4.27 percent as of June 30, 2012.

At 10.58 percent, Florida had the worst foreclosure rate.

Next was New Jersey's 8.01 percent, New York's 6.09 percent and Maine's 5.62 percent. Illinois rounded out the five-worst foreclosure states with a rate of 5.41 percent.

Wyoming's 0.79 percent foreclosure inventory rate was the lowest of any state.

MBA reported that the U.S. rate of foreclosures started during the most-recent period was 0.64 percent, lower than 0.70 percent at the end of the March. At the same point last year, foreclosure starts accounted for 0.96 percent of the nation's collective residential portfolio.

On just prime mortgages, the 30-day rate fell to 3.94 percent from 4.25 percent in the first quarter. The foreclosure inventory rate on prime loans decline to 2.13 percent from 2.47 percent.

Subprime delinquency retreated to 19.49 percent from the first quarter's 21.19 percent, but the subprime foreclosure rate rose to 11.01 percent from 10.79 percent.

MBA reported that delinquency on loans insured by the Federal Housing Administration worsened -- rising 6 basis points from the first quarter to 11.03 percent. However, the FHA foreclosure rate fell to 3.68 percent from 3.96 percent.

Mortgages guaranteed by the Department of Veterans Affairs had a 30-day rate of 6.14 percent, 20 BPS better than at the end of the first quarter. The VA foreclosure inventory rate fell to 1.88 percent from 1.98 percent.

purchase National Delinquency Survey

next story

back to current headlines




FHA News | Government Resources | M o r t g a g e e Letters | FHA Statistics
FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.



Nonprime and Subprime News | Subprime Statistics
Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders