• The South is the region still being most affected by non-current loans (delinquencies and foreclosures).
  • A lower volume of delinquencies bodes well for future foreclosure activity and, in turn, overall home sales prices.
  • Foreclosures should continue to account for a lower percentage of total sales moving forward.

As of August, only 4.83 percent of all active loans were 30 or more days delinquent but not in foreclosure.

This percentage equates to a year-over-year rate decline of 18.22 percent — the highest such drop since May 2011, according to data from Black Knight Financial Services.

The year-to-year drop occurred despite a month-to-month delinquency rate increase of 2.47 percent.

Black Knight also found that 1.7 percent of all active loans are more than 90 days delinquent.


States with the highest percentage of loans that meet this description were all located in either the South or Northeast.

The group includes:

  • Mississippi (4.43 percent)
  • Louisiana (3.13 percent)
  • Alabama (2.97 percent)
  • Rhode Island (2.83 percent)
  • Arkansas (2.66 percent)

Overall, foreclosure starts rose to 80,500 in August, driven by an increase in repeat foreclosure starts, Black Knight stated. This starts total represents a month-to-month rise of 6.76 percent, but a 1.35 percent decline from a year ago.

When combining foreclosures and delinquencies, the states with the highest percentage of non-current loans are, again, all located in the South or Northeast.

These states include:

  • Mississippi (12.95 percent)
  • New Jersey (10.16 percent)
  • Louisiana (10.12 percent)
  • Maine (9.04 percent)
  • New York (8.92 percent)

States with the lowest percentage of non-current loans are located in the Mountain and Great Plains regions:

  • North Dakota (2.11 percent)
  • Colorado (2.98 percent)
  • Minnesota (3.29 percent)
  • South Dakota (3.37 percent)
  • Montana (3.45 percent)

Spanning the past six months, Florida, New Hampshire, Hawaii, Oregon and the District of Columbia have all seen their non-current loan percentages drop by more than 15 percent.

Florida leads the way with a 17.93 percent decline, followed by New Hampshire (16.62 percent) and Hawaii (16.11 percent).

Email Erik Pisor.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription