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Mortgage delinquency rate increases for first time since 2009

Dennis Norman St Louis RealtorThis morning, Trans Union released a report showing the national mortgage delinquency rate (the rate of borrowers 60 or more days past due) increased to 5.88 percent (from 5.82 percent in the 2nd quarter) during the third quarter of 2011, after falling in the previous quarter by the largest rate in two years. This is the first time mortgage delinquency rates have increased since the end of 2009.

Q3 2011 Mortgage Statistics – Delinquency Rates

Quarter over Quarter Q2 2011 Q3 2011 Pct. Change
USA 5.82 % 5.88 % 1.03 %
Year over year Q3 2010 Q3 2011 Pct. Change
USA 6.44 % 5.88 % (8.70 %)
Highest Mortgage Delinquency States Q3 2011
Florida 14.08 %
Nevada 12.39 %
New Jersey 7.60 %
Arizona 7.46 %
Lowest Mortgage Delinquency States Q3 2011
North Dakota 1.47 %
South Dakota 2.33 %
Nebraska 2.36 %
Alaska 2.78 %
Top 3 Year-over-Year Increases Q3 2010 Q3 2011 Pct. Change
Vermont 2.76 % 3.19 % 15.58 %
New Jersey 7.07 % 7.60 % 7.50 %
Oklahoma 4.10 % 4.38 % 6.83 %
Top 3 Year-over-Year Declines Q3 2010 Q3 2011 Pct. Change
Arizona 9.96 % 7.46 % (25.10 %)
California 9.64 % 7.29 % (24.38 %)
Utah 5.44 % 4.40 % (19.12 %)

Q3 2011 Mortgage Statistics – Mortgage Debt Per Borrower

Quarter over Quarter Q2 2011 Q3 2011 Pct. Change
USA $189,205.00 $190,382.00 0.62 %
Year over Year Q3 2010 Q3 2011 Pct. Change
USA $190,176.00 $190,382.00 0.11 %
Highest Mortgage Debt States Q3 2011
District of Columbia $374,241.00
California $339,546.00
Hawaii $334,606.00
Maryland $253,223.00
Lowest Mortgage Debt States Q3 2011
West Virginia $101,553.00
Mississippi $109,370.00
Oklahoma $113,617.00
Arkansas $114,955.00
Top 3 Year-over-Year Increases Q3 2010 Q3 2011 Pct. Change
Hawaii $309,536.00 $334,606.00 8.10%
South Dakota $129,659.00 $137,555.00 6.09%
North Dakota $113,006.00 $118,686.00 5.03%
Top 3 Year-over-Year Declines Q3 2010 Q3 2011 Pct. Change
Nevada $235,651.00 $223,813.00 (5.02 %)
Arizona $206,356.00 $200,411.00 (2.88 %)
Florida $187,303.00 $182,676.00 (2.47 %)

Source: TransUnion

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1 comment to Mortgage delinquency rate increases for first time since 2009

  • James Lee

    Hi Dennis – I’m not sure if you get notification of these comments, but I was looking for ways to get in touch with you regarding these delinquency rates. I work for a housing agency here in St. Louis, and I’m working on a project to model lending/borrowing behavior in the metro area. I’d like to have some feedback from you regarding how to calculate (or obtain the best proxy for) prevailing mortgage default rates for the area. Thanks!