Mortgage Daily

Published On: January 17, 2012

For four months in a row now, serious delinquency on first mortgages has increased. Among the nation’s biggest cities, a Texas town has the lowest level of late loans.

First mortgages that were past due at least 90 days in December accounted for 2.19 percent of first liens outstanding.

The 90-day rate climbed from the 2.17 percent November rate.

The delinquency statistics were released Tuesday by Standard & Poor’s Ratings Service and Experian. The numbers reflect data on around $11 trillion in outstanding loans sourced from 11,500 lenders.

But delinquency has improved from December 2010, when the 90-day rate was 2.93 percent.

The second-mortgage delinquency rate was also worse, climbing to 1.33 percent from November’s 1.26 percent. But there was an improvement from the prior December’s 1.74 percent.

Factoring in bank cards and auto loans, the composite delinquency rate edged up to 2.24 percent from 2.22 percent three months earlier and fell from 3.01 percent a year earlier.

Among the five-biggest metropolitan statistical areas tracked by S&P and Experian, Miami’s 4.73 percent composite rate was worst and Dallas’ 1.56 percent was best.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN