More Home Owners Staying Current on Mortgage

June 22, 2011

Nearly 8 percent of mortgages were 30 days past due--but not in foreclosure--in May, a significant difference compared to last year at that time. In May 2010, 18.3 percent of mortgages were 30 days past due.

Overall, about 4.2 million mortgages were delinquent in May, 1.9 million of which are 90 days or more past due, considered the most severe, according to LPS.

States With the Highest Delinquent Loans
The following are the states with the highest percentage of non-current loans in May:

  • Florida
  • Nevada
  • Mississippi
  • New Jersey
  • Illinois

Meanwhile, the states with the fewest number of defaulting home owners included Montana, Wyoming, and Alaska.

Source: “May Mortgage Delinquencies Down Substantially Compared to 2010: LPS,”HousingWire (June 21, 2011)

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