Maine ranks No. 4 for improving level of current mortgages
The portion of mortgages in Maine that were delinquent or in foreclosure fell by over 14% from last August through January, the fourth-largest decrease in the country.
Data released Thursday by Black Knight Inc., a Florida provider of mortgage data and analytics, show that 4.64% of mortgages in the state were “non-current” as of Jan. 20. That level represented a 14.64% decline over the six-month period, which ranked Maine behind only Montana, Idaho and Washington in reducing the level of current home loans that were not current.
Minnesota, where non-current mortgages increased by 2.69%, ranked worst in the country.
Mississippi had the highest level of mortgages in delinquency or foreclosure, 9.84%. The lowest level, 1.9%, was in California.
Nationwide, 3.22% of U.S. mortgages, or over 2.2 million loans, were delinquent — about a 5% decline from December. Less than .5% of mortgages were in foreclosure, according to the January data from Black Knight.
Delinquency was defined as mortgages that are least 30 days past due but not in foreclosure.
For more detailed results, click here.
Most Recent
Most Recent
0 Comments