twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to 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

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

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

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

Press Releases
Reports and announcements from

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









site map
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.

90-Day Delinquency Declines

September mortgage delinquency rate down 10 BPS

Nov. 14, 2012

By Mortgage Daily staff

Mortgages that were at least three months past due accounted for a smaller share of loans outstanding in September. A decline was also reported for the rate of foreclosures and the share underwater borrowers.

Residential mortgages that were at least 90 days past due accounted for 6.7 percent of all U.S. home loans as of Sept. 30.

Delinquency improved from August, when the rate was 6.8 percent. It was also better than the same month in 2011, when the 90-day default rate was 7.3 percent.

CoreLogic, which reported the performance data, said that Florida's 16.3 percent delinquency rate was higher than any other state in September.

Nevada trailed with an 11.8 percent delinquency rate, then 11.4 percent in New Jersey.

The delinquency rate in all other states was less than 10 percent, with North Dakota's 1.5 percent being the lowest.

The U.S. foreclosure rate was 3.3 percent in September, lower than the prior month's 3.4 percent. The foreclosure rate has also improved from the same month last year, when it stood at 3.6 percent.

Pre-foreclosure filings fell to 134,000 from 137,000 in August. But this category has worsened from 130,000 in September 2011.

September 2012 saw 57,000 completed foreclosures, fewer than 59,000 a month earlier and falling from 70,000 a year earlier.

The share of borrowers whose loan-to-value ratios exceeded 100 percent was 22.5 percent during the latest month. That was a slight improvement over the 22.6 percent of borrowers who were upside-down in August. The improvement was a little more significant compared to September 2011, when negative-equity share was 24.7 percent.

next story

back to current headlines

Real Estate News | Real Estate Statistics
Residential real estate news and coverage of how residential real estate impacts the mortgage industry and residential mortgage-backed securities.

Logout forgot

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


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