California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

Both California And Arizona See Big Drop In Mortgage Delinquencies

In another sign that the housing market shows signs of strengthening, TransUnion reported that here in California, less homeowners feel behind on their mortgage payments in the three-month period ending in September compared with a year earlier.

The national mortgage delinquency rate looks at the percentage of borrowers 60 days or more late on their payments dropped significantly.

California, which represented one of the hardest hit states during the housing meltdown, showed the second best year-over-year improvement. Next door in Arizona, the numbers showed Arizonans delinquency rate dropped nearly 25% from the third quarter of last year, to 5.62% from 7.46%. Here in California, our delinquency rate dropped almost 24% to 5.56% from 7.29%.

Sill A Long Way To Return To Normal Rates

Just a few weeks ago we posted a blog about the latest numbers from Lender Processing Services (LPS) that revealed that first time delinquencies increased by about 200,000 from the month before. This means that greater numbers of homeowners slipped into the 30-day delinquent abyss. Is there a discrepancy about 30 day late versus 60 day lates? Or are people simply manipulating numbers to report positive or negative trends?

Whether you wish to consider the LPS numbers or the TransUnion figures, we sill have a long way to go. Just to put things in perspective a more normal delinquency rate hovers around 1% to 2%.

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

California Mortgage Delinquency Rates Drop

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