Fifth District

2011

Update: Third Quarter 2011

The mortgage foreclosure rate in the Fifth District rose slightly in the third quarter, with increases in the prime and subprime foreclosure inventories.

Update: Second Quarter 2011

The percentage of mortgages in foreclosure in the Fifth District held steady at a record level in the second quarter of 2011 after two periods of increase.

Update: First Quarter 2011

The percent of mortgages in foreclosure continued to rise in the first quarter of 2011, while delinquency rates abated or held steady across the Fifth District.

Maryland/District of Columbia

2011

Update: Third Quarter 2011

Foreclosure and delinquency rates in Maryland and DC generally picked up again in the third quarter and continued to rise on a year-over-year basis.

Update: Second Quarter 2011

Foreclosure and delinquency rates in Maryland and the District of Columbia held steady in the second quarter of 2011, although they continued to rise on a year over year basis.

Update: First Quarter 2011

Foreclosure rates in Maryland held steady in the first quarter of 2011, while foreclosure rates in the District of Columbia have continued to climb.

2010

Update: Fourth Quarter 2010

Mortgage delinquency rates in Maryland and the District of Columbia declined in the fourth quarter of 2010, although mortgage foreclosure rates rose on a quarterly and year-over-year basis.

Update: Third Quarter 2010

Mortgage delinquency and foreclosure rates in Maryland and D.C. changed only slightly in the third quarter of 2010, although rates continue to increase on a year-over-year basis.

Update: Second Quarter 2010

Although default rates continue to climb on a year-over-year basis, there is preliminary evidence that delinquency and foreclosure rates in Maryland and the District of Columbia started to plateau or decline in the first half of 2010.

Update: First Quarter 2010

There is preliminary evidence that delinquency and foreclosure rates in Maryland and the District of Columbia started to plateau or decline in recent months, although default rates continue to climb on a year-over-year basis.

2009

Update: Fourth Quarter 2009

The rise in mortgage foreclosure in Maryland and the District of Columbia began to flatten in recent months, although default rates remain high and the climb in serious delinquencies has not abated.

Update: Third Quarter 2009 

Mortgage default rates continue to rise in the Maryland/D.C. area as delinquency and foreclosure rates in the suburbs of Washington, D.C. remain some of the highest in the region.

Update: Second Quarter 2009 

Mortgage delinquencies and foreclosures continue to increase in Maryland and in the District of Columbia, although rates continue to trail below those of the nation.

2008

Fourth Quarter 2008

Mortgages have generally performed better in Maryland and the District of Columbia than other markets, though both areas have faced challenges.

North Carolina

2011

Update: Third Quarter 2011

The share of North Carolina mortgages in foreclosure continued to rise in the third quarter, although the delinquency rate held steady in the quarter and fell on a year-over-year basis.

Update: Second Quarter 2011

The share of delinquent loans in North Carolina fell over the last year, while the foreclosure rate continued to climb. House prices continued their decline on a year-over-year basis.

Update: First Quarter 2011

Delinquencies in North Carolina fell over the year ending March 2011, while foreclosure rates continued to rise in the state.

2010

Update: Fourth Quarter 2010

Data on mortgage delinquency in North Carolina indicate improvement in the fourth quarter, although foreclosure rates continued to climb on a quarterly and year-over-year basis.

Update: Third Quarter 2010

Data on mortgage delinquency in North Carolina indicate improvement in recent months, although foreclosure rates continue to climb on a year-over-year basis.

Update: Second Quarter 2010

Data on delinquency and foreclosure in North Carolina indicate some improvement in recent months, although default rates continue to climb on a year-over-year basis.

Update: First Quarter 2010

Despite continued house price declines in North Carolina, state data indicate some improvement in default rates in recent months.

2009

Update: Fourth Quarter 2009 

Foreclosure and delinquency rates in North Carolina remain below those in the nation, although they continue to rise as house prices declines escalate.

Update: Third Quarter 2009 

Mortgage foreclosure and delinquency rates in North Carolina remain below their national counterparts, although the state's recent decline in house prices and its persistently high unemployment rate indicate that defaults will continue to grow for some time.

Update: Second Quarter 2009

Mortgage defaults continue to rise in North Carolina as year-over-year house prices fell in the second quarter for the first time in the state's history.

First Quarter 2009

North Carolina mortgages are still performing relatively well, although weakened labor market conditions have created additional challenges in the state.

South Carolina

2011

Update: Third Quarter 2011

Although the share of delinquent mortgages in South Carolina declined in the third quarter, the foreclosure rate rose both in the quarter and over the preceding year.

Update: Second Quarter 2011

The percent of delinquent loans in South Carolina fell year-over-year, while the foreclosure rate climbed. House prices have continued to fall on a year-over-year basis. 

Update: First Quarter 2011

Prime and subprime foreclosure rates continue to climb in South Carolina, while delinquency rates continue to fall on a year-over-year basis.

2010

Update: Fourth Quarter 2010

Mortgage delinquency and foreclosure rates in South Carolina showed improvement in 2010, although the prime default rate continues to rise on a year-over-year basis.

Update: Third Quarter 2010

Mortgage delinquency and foreclosure rates in South Carolina generally have started to plateau or come down somewhat in recent months

Update: Second Quarter 2010

Delinquency and foreclosure rates in South Carolina started to come down somewhat in recent months, though default rates are still rising on a year-over-year basis.

Update: First Quarter 2010

Although default rates are still rising on a year-over-year basis, delinquency and foreclosure rates in South Carolina showed some signs of improvement in recent months.

2009

Update: Fourth Quarter 2009 

South Carolina foreclosure and delinquency rates remain below national rates, although the number of delinquent homeowners continues to grow.

Update: Third Quarter 2009 

Mortgage default rates in South Carolina continue to rise as the unemployment rate remains high and house prices continue to decline.

Update: Second Quarter 2009

Mortgage delinquencies and foreclosures continue to rise as South Carolina experiences one of the largest increases in unemployment in the nation and house prices begin to decline.

First Quarter 2009

South Carolina mortgages are performing generally better than those in other markets, although labor market conditions have created additional challenges in the state.

Virginia

2011

Update: Third Quarter 2011

The share of mortgages in foreclosure and delinquency in Virginia picked up in the third quarter, although the delinquency rate continued to fall on a year-over-year basis.

Update: Second Quarter 2011

Foreclosure rates in Virginia climbed on a year-over-year basis, while delinquency rates fell. The unemployment rate in Virginia remains high for the state in June 2011.  

Update: First Quarter 2011

Delinquency rates have continued to fall in Virginia in the first quarter of 2011, while foreclosure rates are still increasing on a year-over-year basis.

2010

Update: Fourth Quarter 2010

The 2010 decline in Virginia mortgage delinquency rates continued into the fourth quarter, although foreclosure rates are still rising on a quarterly and year-over-year basis.

Update: Third Quarter 2010

Mortgage delinquency and foreclosure rates in Virginia continued to plateau, or even decline, in the third quarter of 2010.

Update: Second Quarter 2010

There is preliminary evidence that delinquency and foreclosure rates in Virginia started to decline in the second quarter of 2010, although default rates continue to climb on a year-over-year basis.

Update: First Quarter 2010

Although record numbers of homes in Virginia remain in foreclosure, there is evidence that delinquency and default rates in the state started to plateau or even decline in the first quarter of 2010.

2009

Update: Fourth Quarter 2009 

The rise in mortgage foreclosure in Virginia began to flatten somewhat in recent months, although the increase in serious delinquency has not abated.

Update: Third Quarter 2009 

Mortgage delinquency and foreclosure rates continue to rise in Virginia, although mortgages in the Commonwealth are generally performing better than the national average.

Update: Second Quarter 2009 

Mortgage delinquencies and foreclosures continue to increase in Virginia, and Northern Virginia housing markets remain some of the weakest in the state.

2008

Fourth Quarter 2008

Mortgages in Virginia are performing relatively well, with default rates in the Commonwealth trailing below those of the nation.

Executive Summary of Findings

West Virginia

2011

Update: Third Quarter 2011

Foreclosure and delinquency rates in West Virginia generally held steady in the third quarter, although on year-over-year basis, the delinquency rate continued to decline and the foreclosure rate continued to rise.

Update: Second Quarter 2011

Delinquency rates in West Virginia started to fall in recent months, although foreclosure rates continued to climb on a year-over-year basis. West Virginia continues to see declining home values.

Update: First Quarter 2011

Delinquency rates in West Virginia have continued to fall in 2011. Recent data indicates that foreclosure rates in West Virginia have also started to decline in recent months.

2010

Update: Fourth Quarter 2010

Recent data indicate that mortgage delinquency rates in West Virginia continued to plateau or even decline in the fourth quarter of 2010, although the rise in foreclosure rates was unabated.

Update: Third Quarter 2010

Recent data indicate that some mortgage delinquency and foreclosure rates in West Virginia started to plateau, or even decline, in the third quarter of 2010, although rates continue to climb on a year-over-year basis.

Update: Second Quarter 2010

Recent data indicate that delinquency and foreclosure rates in West Virginia might have started to plateau or even decline in recent months. Nonetheless, default rates continue to rise on a year-over-year basis.

Update: First Quarter 2010

Default rates in West Virginia continue to rise on a year-over-year basis, although recent data indicate that delinquency and foreclosure rates might have reached a plateau, or even started to decline.

2009

Update: Fourth Quarter 2009 

West Virginia foreclosure and delinquency rates remain below national levels, but continue to rise as house values depreciate and unemployment increases persist.

Update: Third Quarter 2009 

Mortgage default rates continue to rise in West Virginia -- particularly in those areas most closely connected to Maryland, Virginia, and the District of Columbia -- although foreclosure and delinquency rates in the Mountain state remain below national marks.

Update: Second Quarter 2009 

Mortgage delinquencies and foreclosures continue to rise in West Virginia, although rates remain below those of the nation as a whole.

First Quarter 2009 

Housing and labor market conditions in West Virginia are mixed. The state's weakest housing markets are those closely connected with markets in Northern Virginia, Maryland, and the District of Columbia.