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Black Knight Reports 1.5M Homeowners Remain Delinquent

Katie Jensen
Jul 22, 2021

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.

 

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