Mortgage Delinquencies by State: Range and Current

Mortgage Delinquencies by State: Range and Current

by CalculatedRisk on 8/22/2011 

Earlier I posted a graph on mortgage delinquencies by state. This raised a question of how the current delinquency rate compares to before the crisis – and also a comparison to the peak of the delinquency crisis in each state.
The following graph shows the range of percent seriously delinquent and in-foreclosure for each state (dashed blue line). The red diamond indicates the current serious delinquency rate (this includes 90+ days delinquent or in the foreclosure process).Serious Mortgage Delinquencies by State: Range and CurrentClick on graph for larger image in graph gallery.

Some states have made progress: Arizona, Michigan, Nevada and California. Other states, like New Jersey and New York, have made little or no progress in reducing serious delinquencies.

Arizona, Michigan, Nevada and California are all non-judicial foreclosure states. States with little progress like New Jersey, New York, Illinois and Florida are all judicial states.

Note: This data is for 42 states only and D.C.

Total Mortgage Delinquencies by State: Range and CurrentThe second graph shows total delinquencies (including less than 90 days) and in-foreclosure.

Even though there has been some progress in a few states, there is a long way to go to get back to the Q1 2007 rates.

Earlier:
• MBA: Mortgage Delinquencies increased slightly in Q2
• MBA Delinquency Survey: Comments and State Data

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