Maryland/District of Columbia

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

2010

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

2010

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

2010

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

2010

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.