The rate of serious mortgage delinquency continued to hover around the lowest level in a decade. It was the same story for the nation’s foreclosures.
Single-family loans that were either at least 30 days past due or in the foreclosure inventory accounted for
4.5 percent of all loans as of mid-2017.
Mortgage delinquency
was the same as previously reported for May. But the rate of late payments improved from 5.3 percent as of June 2016.
Those details were included in the
Loan Performance Insights Report released Tuesday by CoreLogic Inc.
At 8.2 percent, Mississippi had the worst 30-day rate of any state during June 2017. After that was Louisiana’s 7.6 percent, then New Jersey’s 7.0 percent, New York’s 6.9 percent and Alabama’s 6.2 percent.
The lowest delinquency rate in the nation was in North Dakota: 2.0 percent.
The U.S. 90-day delinquency rate, including foreclosures, was 1.9 percent as of the most-recent month.
Included in June 2017 U.S. 30-day rate was an 0.7 percent foreclosure inventory rate. The rate was the same as a month earlier and lower than 0.9 percent a year earlier.
The report said that the “foreclosure inventory rate and serious delinquency rate [were the] lowest in nearly a decade.”
In New York, the foreclosure rate was
2.2 percent as of the latest date, the highest in the country. New Jersey followed at 2.0 percent. After that was 1.4 percent in Maine and Hawaii and 1.2 percent in Florida.
The 0.2 percent foreclosure rate in Michigan, Minnesota, Utah and Colorado was the lowest in the nation.
