Mortgage Delinquencies Reverse Course, Inch Up
Mortgage Delinquencies Reverse Course, Inch Up
Mortgage Delinquencies Reverse Course, Inch Up
More Americans were late on their mortgage payments in September, as the national mortgage delinquency rate rose to its largest increase in four years, according to Lender Processing Services’ September Mortgage Monitor report.
The national mortgage delinquency rate increased 7.7 percent in September from August.
Despite the uptick, mortgage delinquencies are still 30 percent lower than the peak levels reached in January 2010.
The states with the highest “non-current loans” are:
- Florida
- Mississippi
- New Jersey
- Nevada
- Louisiana
The states with the lowest number of non-current loans are:
- Montana
- Alaska
- South Dakota
- Wyoming
- North Dakota
Source: “September Mortgage Delinquencies Higher: LPS,” HousingWire (Nov. 8, 2012)
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