This 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 |
| 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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