Loan Performance Insights - Delinquent Mortgages

Loan Performance Insights - Delinquent Mortgages

The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through August 2019. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To more comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates that indicate the percent of mortgages moving from one stage of delinquency to the next. The report is published monthly with coverage at the national, state and Core Based Statistical Area (CBSA)/Metro level and includes transition rates between states of delinquency and separate breakouts for 120+ day delinquency. 

30 Days or More Delinquent - National

The 30 days or more delinquency rate for August 2019 was 3.7%. In August 2018, 3.9% of mortgages were delinquent by at least 30 days or more including those in foreclosure. This represents a 0.2% decline in the overall delinquency rate compared with August 2018. 

Delinquency Hotspots

The nation's overall delinquency remains near the lowest level since at least 1999. However, five states posted small annual increases in overall delinquency rates in August: Iowa (0.2 percentage points), Minnesota (0.1 percentage points), Nebraska (0.1 percentage points), Wisconsin (0.1 percentage points) and Rhode Island (0.1 percentage points). In August 2019, 47 metropolitan areas recorded small annual increases in overall delinquency rates. Some of the highest gains were in the Midwest and Southeast. Metros with the largest increases were Dubuque, Iowa (2.2 percentage points), Pine Bluff, Arkansas (1.1 percentage points), Goldsboro, North Carolina (0.6 percentage points) and Panama City, Florida (0.5 percentage points)...

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