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Mortgage Delinquencies

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  • 1. Mortgage Delinquencies
    IV Quarter 2010
  • 2. Summary
    According to MBA National Delinquency Survey for 4th quarter 2010, the delinquency rate decreased to 8.22 percent of all loans outstanding.
     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.
     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.
     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.
     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.
     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.
  • 3. USH14I_level
    Mortgage Foreclosure Inventory: United States
    EOP, NSA, Number
    USH14I_level.EMF (MBAMTG) USH14I 994-1103
  • 4. USH14I
    Mortgage Foreclosure Inventory: United States
    EOP, NSA, Number
    USH14I.EMF (MBAMTG) USH14I 994-1103
  • 5. USH14FA
    Mortgage Foreclosures Started: United States
    SA, Number
    USH14FA.EMF (MBAMTG) USH14FA 994-1103
  • 6. USHCSANI
    Conv Subprime ARM Mortgages: Foreclosure Inventory: U.S.
    % Change - Year to Year EOP, NSA, Number
    USHCSANI.EMF (MBAMTG) USHCSANI 994-1103
  • 7. USHConPrime%CH
    Conv Prime Mortgage Foreclosure Inventory: United States
    % Change - Year to Year EOP, NSA, Number
    USHConPrime%CH.EMF (MBAMTG) USHCPI 994-1103
  • 8. R3H14I_South_NE
    Mortgage Foreclosure Inventory: South
    EOP, NSA, Number
    Mortgage Foreclosure Inventory: Northeast
    EOP, NSA, Number
    R3H14I_South_NE.EMF (MBAMTG) R3H14I / R1H14I 994-1103
  • 9. R1L14A_South_NE
    All Mortgages Past Due: Northeast
    Difference - Year to Year SA, %
    All Mortgages Past Due: South
    Difference - Year to Year SA, %
    R1L14A_South_NE.EMF (MBAMTG) R1L14A / R3L14A 994-1103
  • 10. R1H14FA_South_NE
    Mortgage Foreclosures Started: Northeast
    SA, Number
    Mortgage Foreclosures Started: South
    SA, Number
    R1H14FA_South_NE.EMF (MBAMTG) R1H14FA / R3H14FA 994-1103
  • 11. R3L143A_South_NE
    Mortgage Payments Past Due 30-59 Days: South
    SA, %
    Mortgage Payments Past Due 30-59 Days: Northeast
    SA, %
    R3L143A_South_NE.EMF (MBAMTG) R3L143A / R1L143A 994-1103
  • 12. R1L149A_South_NE
    Mortgage Payments Past Due 90+ Days: Northeast
    SA, %
    Mortgage Payments Past Due 90+ Days: South
    SA, %
    R1L149A_South_NE.EMF (MBAMTG) R1L149A / R3L149A 994-1103
  • 13. R2H14I_West_Midwest
    Mortgage Foreclosure Inventory: Midwest
    EOP, NSA, Number
    Mortgage Foreclosure Inventory: West
    EOP, NSA, Number
    R2H14I_West_Midwest.EMF (MBAMTG) R2H14I / R4H14I 994-1103
  • 14. R2L14A_Midwest_West
    All Mortgages Past Due: Midwest
    Difference - Year to Year SA, %
    All Mortgages Past Due: West
    Difference - Year to Year SA, %
    R2L14A_Midwest_West.EMF (MBAMTG) R2L14A / R4L14A 994-1103
  • 15. R4H14FA_West-Midwest
    Mortgage Foreclosures Started: West
    SA, Number
    Mortgage Foreclosures Started: Midwest
    SA, Number
    R4H14FA_West-Midwest.EMF (MBAMTG) R4H14FA / R2H14FA 994-1103
  • 16. R2L143A_West_Midwest
    Mortgage Payments Past Due 30-59 Days: Midwest
    SA, %
    Mortgage Payments Past Due 30-59 Days: West
    SA, %
    R2L143A_West_Midwest.EMF (MBAMTG) R2L143A / R4L143A 994-1103
  • 17. R4L149A_west_Midwest
    Mortgage Payments Past Due 90+ Days: West
    SA, %
    Mortgage Payments Past Due 90+ Days: Midwest
    SA, %
    R4L149A_west_Midwest.EMF (MBAMTG) R4L149A / R2L149A 994-1103