Which state has the worst delinquency rate?

by Ryan Smith24 Feb 2016
How does your state fare when it comes to delinquent homeowners?

Well, it’s safe to say that a lot of states aren’t doing as well on that score as they have in the past. According to a new report from Black Knight Financial Services, the percentage of delinquent borrowers nationwide spiked last month, up to 5.1% from 4.8% in December.

The report included borrowers who were 30 days or more delinquent on their mortgages. January marked the first time in 11 months that national delinquency rates were above 5%. The good news is that last month’s rate was still a bit lower than January of 2015, when the rate hit 5.5%.

Foreclosure sales were also up, spiking nearly 16% after holiday moratoriums, but active foreclosure inventory continued to decline, dropping 26% from the same time last year.

So which states had the biggest delinquency problems in January? Mississippi earned the dubious honor of the top spot, with 13% of its homeowners delinquent on their mortgage payments, followed by Lousiana and New Jersey. North Dakota, meanwhile, had the fewest delinquencies, with just 2.41% of its homeowners late on their mortgage payments.

The five states with the highest delinquency rates

State Delinquency rate
Mississippi 13%
Louisiana 10.49%
New Jersey 10.38%
Alabama 9.25%
West Virginia 9.19%

The five states with the lowest delinquency rate

State Delinquency rate
South Dakota 3.5%
Minnesota 3.29%
Alaska 3.24%
Colorado 3.03%
North Dakota 2.41%



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