True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Logan Mohtashami talks jobs report, mortgage forbearance

Lead Analyst Logan Mohtashami discusses his recent article on the latest jobs report and the most likely impact on the housing market and mortgage forbearance.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Lunch & Learn about underserved markets and affordable housing

Experts in this discussion will focus on how the mortgage industry is working to right previous wrongs and champion a housing market that serves all.

MortgageReal Estate

Top states where homeowners are best and worst at paying their mortgage

Delinquencies fall more than 7% monthly

Delinquencies and foreclosure rates dropped in May, partially reversing the sudden increase in April, according to Black Knight Financial Services’ First Look report.

After rising 13% in April, the largest monthly increase since November 2008, delinquencies saw a partial reversal in May with a drop of 7%.

The inventory of loans that are either seriously delinquent, 90 days or more past due or in active foreclosure continued to improve, hitting a 10-year low in May. The number of loans in foreclosure hit 421,000 in May, a drop of 12,000 loans from April and 153,000 loans from last year.

However, foreclosure starts increased slightly by 55,800 loans, up 5.7% from April. However, this is the second-lowest number of monthly starts since 2005.

Here are the five states with the lowest percentage of non-current loans, the combined foreclosures and delinquencies as a percentage of active loans in the state:

  • Colorado: 2.12%
  • North Dakota: 2.26%
  • Minnesota: 2.51%
  • Idaho: 2.69%
  • Oregon: 2.7%

And here are the states where homeowners struggle the most to keep up with their mortgage payment and hold the highest non-current percentage:

  • Maine: 6.6%
  • West Virginia: 6.83%
  • Alabama: 7.13%
  • Louisiana: 8.68%
  • Mississippi: 10.16%

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please