Mortgage Delinquencies

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Mortgage Delinquencies

  1. 1. Mortgage Delinquencies<br />IV Quarter 2010<br />
  2. 2. Summary<br />According to MBA National Delinquency Survey for 4th quarter 2010, the delinquency rate decreased to 8.22 percent of all loans outstanding.<br /> The percentage of loans on which foreclosure actions were started during the fourth quarter was 1.27 percent, down seven basis points from last quarter and up seven basis points from one year ago. <br /> The percentage of loans in the foreclosure process at the end of the fourth quarter was 4.63 percent, up 24 basis points from the third quarter of 2010 and up five basis points from one year ago. <br /> The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 8.57 percent, a decrease of 13 basis points from last quarter, and a decrease of 110 basis points from the fourth quarter of last year.<br /> There are significant decreases in mortgage delinquency rates across the US. Total delinquencies, which exclude loans in the process in foreclosure, are now at their lowest level since the end of 2008. Mortgages with only one payment past due are now at the lowest level since the end of 2007.<br /> Finally, loans 90+ days past due have fallen from an all-time high delinquency rate of 5.02 percent at the end of the first quarter of 2010 to 3.63 percent at the end of the fourth quarter of 2010, a drop of 139 basis points or almost 28% over the course of the year. Every state but two saw a drop in the 90-plus day delinquency rate and the two increases were negligible. <br />
  3. 3. USH14I_level<br /> Mortgage Foreclosure Inventory: United States<br /> EOP, NSA, Number<br /> USH14I_level.EMF (MBAMTG) USH14I 994-1103<br />
  4. 4. USH14I<br /> Mortgage Foreclosure Inventory: United States<br /> EOP, NSA, Number<br /> USH14I.EMF (MBAMTG) USH14I 994-1103<br />
  5. 5. USH14FA<br /> Mortgage Foreclosures Started: United States<br /> SA, Number<br /> USH14FA.EMF (MBAMTG) USH14FA 994-1103<br />
  6. 6. USHCSANI<br /> Conv Subprime ARM Mortgages: Foreclosure Inventory: U.S.<br /> % Change - Year to Year EOP, NSA, Number<br /> USHCSANI.EMF (MBAMTG) USHCSANI 994-1103<br />
  7. 7. USHConPrime%CH<br /> Conv Prime Mortgage Foreclosure Inventory: United States<br /> % Change - Year to Year EOP, NSA, Number<br /> USHConPrime%CH.EMF (MBAMTG) USHCPI 994-1103<br />
  8. 8. R3H14I_South_NE<br /> Mortgage Foreclosure Inventory: South<br /> EOP, NSA, Number<br /> Mortgage Foreclosure Inventory: Northeast<br /> EOP, NSA, Number<br /> R3H14I_South_NE.EMF (MBAMTG) R3H14I / R1H14I 994-1103<br />
  9. 9. R1L14A_South_NE<br /> All Mortgages Past Due: Northeast<br /> Difference - Year to Year SA, %<br /> All Mortgages Past Due: South<br /> Difference - Year to Year SA, %<br /> R1L14A_South_NE.EMF (MBAMTG) R1L14A / R3L14A 994-1103<br />
  10. 10. R1H14FA_South_NE<br /> Mortgage Foreclosures Started: Northeast<br /> SA, Number<br /> Mortgage Foreclosures Started: South<br /> SA, Number<br /> R1H14FA_South_NE.EMF (MBAMTG) R1H14FA / R3H14FA 994-1103<br />
  11. 11. R3L143A_South_NE<br /> Mortgage Payments Past Due 30-59 Days: South<br /> SA, %<br /> Mortgage Payments Past Due 30-59 Days: Northeast<br /> SA, %<br /> R3L143A_South_NE.EMF (MBAMTG) R3L143A / R1L143A 994-1103<br />
  12. 12. R1L149A_South_NE<br /> Mortgage Payments Past Due 90+ Days: Northeast<br /> SA, %<br /> Mortgage Payments Past Due 90+ Days: South<br /> SA, %<br /> R1L149A_South_NE.EMF (MBAMTG) R1L149A / R3L149A 994-1103<br />
  13. 13. R2H14I_West_Midwest<br /> Mortgage Foreclosure Inventory: Midwest<br /> EOP, NSA, Number<br /> Mortgage Foreclosure Inventory: West<br /> EOP, NSA, Number<br /> R2H14I_West_Midwest.EMF (MBAMTG) R2H14I / R4H14I 994-1103<br />
  14. 14. R2L14A_Midwest_West<br /> All Mortgages Past Due: Midwest<br /> Difference - Year to Year SA, %<br /> All Mortgages Past Due: West<br /> Difference - Year to Year SA, %<br /> R2L14A_Midwest_West.EMF (MBAMTG) R2L14A / R4L14A 994-1103<br />
  15. 15. R4H14FA_West-Midwest<br /> Mortgage Foreclosures Started: West<br /> SA, Number<br /> Mortgage Foreclosures Started: Midwest<br /> SA, Number<br /> R4H14FA_West-Midwest.EMF (MBAMTG) R4H14FA / R2H14FA 994-1103<br />
  16. 16. R2L143A_West_Midwest<br /> Mortgage Payments Past Due 30-59 Days: Midwest<br /> SA, %<br /> Mortgage Payments Past Due 30-59 Days: West<br /> SA, %<br /> R2L143A_West_Midwest.EMF (MBAMTG) R2L143A / R4L143A 994-1103<br />
  17. 17. R4L149A_west_Midwest<br /> Mortgage Payments Past Due 90+ Days: West<br /> SA, %<br /> Mortgage Payments Past Due 90+ Days: Midwest<br /> SA, %<br /> R4L149A_west_Midwest.EMF (MBAMTG) R4L149A / R2L149A 994-1103<br />

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