More than 1.5 million homeowners are 90+ days past due on their mortgages — that's four times pre-pandemic levels.
Black Knight’s first look at June 2021 month-end mortgage performance statistics that represent that majority of the national mortgage market. National delinquency rate hit its lowest level since the onset of the pandemic, regressing to its pre-recession average. However, there are more than 1.5 million homeowners that are 90 or more days past due on their mortgages but not foreclosed, which is nearly four times pre-pandemic levels.
The total US delinquency rate is 4.37%, for loans 30 or more days past due, but not in foreclosure. That is a total of 2,320,000 homes, which is 191,000 less than last month and 1,714,000 less than a year ago.
A total of 1,550,000 properties in the U.S. are 90+ days past due, but not in foreclosure. States with the highest percentage of homes that are 90+ days delinquent are Mississippi (4.89%), Louisiana (4.59%), Hawaii (4.14%), Nevada (4.14%), and Maryland (4.08%).
The top five states by non-current percentage (foreclosures and delinquencies as a percent of active loans in that state) are Mississippi (7.97%), Louisiana (7.40%), Hawaii (6.46%), Oklahoma (6.24%), and West Virginia (6.11%).
The top five states doing the best in terms of delinquency and foreclosure are Montana (3.09%), Utah (2.84%), Washington (2.80%), Colorado (2.75%), and Idaho (2.40%). Additionally, the top five states by 6-Month improvement in non-current percentage are Arizona (-31.53%), Rhode Island (-31.45%), California ( -31.24%), Florida (-31.10%), and New Jersey (-30.93%).
For a more detailed view of this month's data, visit the Black Knight newsroom.
Ten lessons in leadership, longevity, and resilience from one of the mortgage industry’s sharpest minds
Absolute Home Mortgage CEO Matthew VanFossen on his fintech strategy built to provoke
Enjoy access to a free NMLS renewal class when you attend an in-person event.
