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» VISIT US ONLINE @ DSNEWS.COM 13 THE SOUTHERN DELINQUENCY STRUGGLE Southern states are some of the most delinquent states in the country, according to data from LendingTree. LendingTree's study of states with the highest rates of delinquency (90 days or more) shows that Southern states, including Mississippi, Louisiana, Texas, and Georgia all hold the highest percentage of adults who are delinquent on a variety of loans, however, when accounting for mortgage debt alone, these rankings shift. When it comes to homeowners delinquent on mortgages, the highest volumes are in the North, not the South. Maryland has the highest percentage of delinquent mortgage holders in the country, at 2.1% of the state, closely followed by Maine at 2.0%. Tied for third place is New Jersey and Connecticut, where 1.9% of homeowners are delinquent on their mortgage. North Dakota, meanwhile, holds the smallest percentages of delinquent borrowers at 0.7%, followed by a four-way tie for second place with California, Colorado, Alaska, and South Dakota, all at 0.8%. CoreLogic also recently found that, as of June 2019, the foreclosure inventory rate fell 0.1 percentage points from June 2018 to 0.4%—tied with the previous seven months as the lowest for any month since January 1999. Overall, the national share of mortgages that were in some stage of delinquency was 4% in June 2019—a 0.3 percentage point decline, compared to last year's 4.3%. e share of mortgages that are delinquent more than 90 days fell from 1.2% to 0.9%, and the percentage of mortgages that were more than 120 days delinquent dropped to 1% from 1.4% in June 2018. "A strong economy and eight-plus years of home price growth have made mortgage foreclosure an infrequent event," said Frank Nothaft, Chief Economist at CoreLogic. "is backdrop will help the mortgage market limit delinquencies in most of the country whenever a downturn should start." Mortgages delinquent between 30 and 59 days rose marginally from 2% last year to 2.1% in 2019. Of the metros studied, the New York- Newark-New Jersey metro had the highest serious delinquency rate of 2.6%. e metro also had the highest overall foreclosure rate at 1.3%. e next highest was Miami-Fort Lauderdale-West Palm Beach, Florida, at 2%. Denver-Aurora-Lakewood, Colorado, and San Francisco-Oakland-Hayward, California, had the lowest serious delinquency rate at 0.4%. CoreLogic revealed the following states to have seen an increase in delinquent activity: Vermont (0.7%); New Hampshire (0.3%); Nebraska (0.2%); and Minnesota (0.2%). Michigan, Iowa, Wisconsin, and Connecticut all posted marginal gains of 0.1%. Donato Orsini Stone Tower Realty, LLC GRI, ePro 203.528.9049 94 Edwin Ave., Waterbury, CT WE DON'T ASK FOR YOUR BUSINESS … WE EARN IT! EXTENSIVE TRAINING AND EXPERIENCE IN SALES AND CUSTOMER SERVICE FOR: » BPOS RESIDENTIAL/ COMMERCIAL » REO SALES RESIDENTIAL/ COMMERCIAL YOUR GO-TO PLACE FOR BANK OWNED PROPERTIES. LET US EARN YOUR BUSINESS! StowerRealty.com