Delinquent Mortgage Loans
Definition
|
Percentage of mortgage loans with payments 90 days or more past due, Quarter 2, 2012.
|
Description
Delinquent mortgage loans are a common measure of financial distress, and payments over 90 days overdue are an indicator of a family on the brink of foreclosure or a mortgage in need of modification. When combined with the foreclosure rate, this measure can paint a broad picture of which states have been most severely affected by the foreclosure crisis.
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Delinquent Mortgage Loans
| State | Percent of Mortgage Loans with
Payments 90+ Days Past Due (%) | Rank |
| United States |
3.04% |
|
| Alabama |
3.30% |
39 |
| Alaska |
1.13% |
3 |
| Arizona |
2.63% |
24 |
| Arkansas |
3.67% |
42 |
| California |
3.11% |
34 |
| Colorado |
1.87% |
10 |
| Connecticut |
2.75% |
27 |
| Delaware |
3.80% |
46 |
| District of Columbia |
3.24% |
38 |
| Florida |
3.79% |
44 |
| Georgia |
4.06% |
47 |
| Hawaii |
1.99% |
11 |
| Idaho |
2.05% |
13 |
| Illinois |
3.22% |
37 |
| Indiana |
3.01% |
31 |
| Iowa |
1.58% |
7 |
| Kansas |
2.20% |
16 |
| Kentucky |
2.66% |
25 |
| Louisiana |
2.90% |
30 |
| Maine |
3.04% |
32 |
| Maryland |
3.79% |
44 |
| Massachusetts |
3.51% |
41 |
| Michigan |
3.11% |
34 |
| Minnesota |
1.62% |
9 |
| Mississippi |
4.08% |
48 |
| Missouri |
2.58% |
23 |
| Montana |
1.25% |
4 |
| Nebraska |
1.56% |
6 |
| Nevada |
6.30% |
51 |
| New Hampshire |
2.34% |
20 |
| New Jersey |
5.04% |
50 |
| New Mexico |
2.04% |
12 |
| New York |
3.06% |
33 |
| North Carolina |
2.80% |
28 |
| North Dakota |
0.66% |
1 |
| Ohio |
3.18% |
36 |
| Oklahoma |
2.28% |
19 |
| Oregon |
2.12% |
14 |
| Pennsylvania |
2.66% |
25 |
| Rhode Island |
3.75% |
43 |
| South Carolina |
2.54% |
22 |
| South Dakota |
1.01% |
2 |
| Tennessee |
3.36% |
40 |
| Texas |
2.42% |
21 |
| Utah |
2.81% |
29 |
| Vermont |
1.59% |
8 |
| Virginia |
2.23% |
17 |
| Washington |
4.18% |
49 |
| West Virginia |
2.19% |
15 |
| Wisconsin |
2.26% |
18 |
| Wyoming |
1.30% |
5 |
Source
National Delinquency Survey: Second Quarter, 2012. Washington, DC: Mortgage Bankers Association, 2012.
1200 G Street, NW