78
NATIONAL SNAPSHOT
Regional
MISSISSIPPI LEADS IN DELINQUENCIES, WHILE NORTH DAKOTA
SHOWS STRONG LOAN PERFORMANCE
By Molly Boesel
In February 2017, 5 percent of home mortgages were in
some stage of delinquency, down from 5.5 percent a year
earlier, according to the latest CoreLogic Loan Performance
Insights Report. e measure includes
all home loans 30 days or more past due,
including those in foreclosure.
e share of mortgages that were 30
to 59 days past due–considered "early-
stage" delinquencies–was 2.1 percent in
February 2017, unchanged from February
2016. e share of mortgages 60 to 89
days past due was 0.7 percent in February
2017, the same as in February 2016.
In addition to delinquency rates,
CoreLogic tracks the rate at which
mortgages transition from one stage of
delinquency to the next, such as going
from being current to 30 days past due.
Figure 1 shows that being current-to-30 day transition rate
ticked up in February. e February 2017 current to-30-day
rate was 1 percent, up from 0.8 percent in February 2016. e
30- to 60-day transition rate was 15.4 percent in February 2017,
up from 12.2 percent in February 2016,
while the 60- to 90-day transition rate
was 24.9 percent this February, up from
22.3 percent a year earlier.
Figure 2 shows the states with the
highest and lowest rates of mortgages in
some stage of delinquency. In February
2017, that rate was highest in Mississippi–
9 percent—and North Dakota had the
lowest rate at 2.2 percent. Figure 3 shows
the 30 days-or-more past-due rate for the
10 largest metro areas (metro areas used
in this report are the 10 most populous
Core Based Statistical Areas). at rate
was highest–7.6 percent–in the New York
metro area and lowest–1.9 percent–in San Francisco.
STATS AT-A-GLANCE
Early-stage delinquencies were
unchanged from a year ago.
e current-to-30 day transition
rate increased in February 2017
from a year earlier.
San Francisco had the lowest
delinquency rate of the largest
metropolitan areas.
