Research & Publications

Mortgage Performance Summaries

 

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This series of reports, produced by the Richmond Fed's Research Department, provides state-level analyses of housing markets, and the composition and performance of mortgage markets in the Fifth District.

 

Fifth District


2014

Update: Third Quarter 2014

In the third quarter of 2014, total foreclosure and delinquency rates in the Fifth District declined on a year-over-year basis.

Update: Second Quarter 2014

Foreclosure and delinquency rates in the Fifth District declined in the second quarter of 2014 and on a year-over-year basis.

Update: First Quarter 2014

In the first quarter of 2014, both the foreclosure and 90+ day delinquency rate in the Fifth District edged lower for the seventh consecutive quarter.

2013

Update: Fourth Quarter 2013

Both the share of mortgages in foreclosure and the 90+ day delinquency rate in the Fifth District continued to fall in the fourth quarter of 2013.

Update: Third Quarter 2013

Fifth District foreclosure rates continued to decline in the third quarter while delinquency rates mostly held steady.

Update: Second Quarter 2013

Fifth District mortgage markets improved in the second quarter, with both foreclosure and delinquency rates falling.

Update: First Quarter 2013

Foreclosure and delinquency rates in the Fifth District declined since the fourth quarter of 2012 and on a year-over-year basis.

2012

Update: Fourth Quarter 2012

Foreclosure activity in the Fifth District slowed in the fourth quarter, with decreases in both the prime and subprime foreclosure rates.

Update: Third Quarter 2012

The Fifth District mortgage foreclosure rate ticked up slightly since the third quarter of 2011, although the 90+ day delinquency continued its year-over-year decline. 

Update: Second Quarter 2012

The share of mortgages in foreclosure in the Fifth District rose slightly in the last year, with both prime and subprime mortgage foreclosure rates increasing.

Update: First Quarter 2012

Fifth District foreclosure activity held steady in the first quarter, although it rose slightly since the first quarter of 2011.

Maryland/District of Columbia


2014

Update: Third Quarter 2014

In the third quarter of 2014, both the total foreclosure and 90+ day delinquency rate in D.C. declined over the preceding year. In Maryland, both rates declined in the quarter and on a year-over-year basis.

Update: Second Quarter 2014

In the second quarter of 2014, both the foreclosure and 90+ day delinquency rate in D.C. declined over the preceding year. In Maryland, both rates declined in the quarter and since the second quarter of 2013.

Update: First Quarter 2014

The foreclosure rate in Maryland and D.C. fell in the first quarter of 2014 and over the prior year while the 90+ day delinquency rate also declined on a year-over-year basis in both places.

2013

Update: Fourth Quarter 2013

Both the foreclosure rate and the 90+ day delinquency rate in Maryland and D.C. declined on a year-over-year basis in the fourth quarter.

Update: Third Quarter 2013

Reports from mortgage markets in Maryland and D.C. indicated some improvement in foreclosure and delinquency rates over the year.

Update: Second Quarter 2013

According to the data used most frequently in these summaries, foreclosure and delinquency rates continued to decline in the District of Columbia and in Maryland in the second quarter. However, recent trends in default rates vary somewhat for Maryland by data source, with certain data indicating a slight increase in the foreclosure rate, though most still indicate a decline from the beginning of 2012.

Update: First Quarter 2013

Both the percentage of mortgages in foreclosure in Maryland and D.C.’s 90+ day delinquency rate increased since the first quarter of 2012.

2012

Update: Fourth Quarter 2012

In the fourth quarter of 2012, mortgage foreclosure rates continued to rise in Maryland and decline in the District of Columbia on a year-over-year basis.

Update: Third Quarter 2012

The percentage of mortgages in foreclosure in Maryland rose over the year, while the foreclosure rate in the District of Columbia declined since the third quarter of 2011.

Update: Second Quarter 2012

In Maryland and the District of Columbia, default and delinquency rates generally rose since June 2011, although the Maryland 90+ day delinquency rate fell slightly over the year.

Update: First Quarter 2012

Foreclosure and delinquency rates in Maryland and the District of Columbia continued to rise on a year-over-year basis in the first quarter of 2012.

North Carolina


2014

Update: Third Quarter 2014

Both the total foreclosure and 90+ day delinquency rates in North Carolina were virtually unchanged from the second quarter to the third quarter of 2014; however both declined since the third quarter of 2013.

Update: Second Quarter 2014

Both the foreclosure and 90+ day delinquency rates in North Carolina declined in the second quarter of 2014 and since the second quarter of the prior year.

Update: First Quarter 2014

Both the foreclosure and 90+ day delinquency rates, in the prime and subprime markets, decreased in North Carolina in the first quarter of 2014 and over the preceding year.

2013

Update: Fourth Quarter 2013

The foreclosure rate in North Carolina declined over the quarter and since the fourth quarter of 2012 while the 90+ day delinquency rate was unchanged in the quarter but improved over the year.

Update: Third Quarter 2013

The foreclosure rate in North Carolina fell sharply from the third quarter of 2012. The delinquency rate also declined over the period.

Update: Second Quarter 2013

Foreclosure and delinquency rates in North Carolina continued to hold steady or decline in the second quarter, indicating strengthening mortgage market conditions in the state.

Update: First Quarter 2013

For the second straight quarter, mortgage foreclosure and delinquency rates in North Carolina declined on a year-over-year basis.

2012

Update: Fourth Quarter 2012

Mortgage delinquency and foreclosure rates fell over the year in North Carolina, although the share of delinquent mortgages rose from the third quarter to the fourth quarter of 2012.

Update: Third Quarter 2012

Mortgage foreclosure in North Carolina declined on a year-over-year basis in the third quarter of 2012. Meanwhile the 90+ day delinquency rate held steady.

Update: Second Quarter 2012

The North Carolina foreclosure rate rose somewhat in recent months, although delinquency rates edged down.

Update: First Quarter 2012

Overall, North Carolina foreclosure activity continued to rise on a year-over-year basis in the first quarter, despite a slight decrease in delinquency.

South Carolina


2014

Update: Third Quarter 2014

The total foreclosure rate in South Carolina declined in the third quarter of 2014 and on a year-over-year basis while the 90+ day delinquency rate was virtually unchanged in the quarter but fell over the preceding year.

Update: Second Quarter 2014

The South Carolina foreclosure rate declined in the second quarter of 2014 and on a year-over-year basis while the 90+ day delinquency rate fell in the quarter but was unchanged since the second quarter of 2013.

Update: First Quarter 2014

In the first quarter of 2014, the foreclosure rate in South Carolina fell from the previous year while the 90+ day delinquency rate ticked down slightly.

2013

Update: Fourth Quarter 2013

The mortgage market continued to improve in South Carolina with both the foreclosure and delinquency rates improving since the fourth quarter of 2012.

Update: Third Quarter 2013

South Carolina total foreclosure and delinquency rates declined moderately since the third quarter of 2012, with considerable improvement in subprime foreclosure and delinquency rates.

Update: Second Quarter 2013

South Carolina foreclosure and delinquency rates fell in the second quarter and over the preceding year, a further manifestation of improved housing conditions in the state.

Update: First Quarter 2013

Between the first quarters of 2012 and 2013, the share of homes in foreclosure in South Carolina fell while the state’s 90+ day delinquency rate remained the same.

2012

Update: Fourth Quarter 2012

While the mortgage foreclosure rate in South Carolina declined over the year, the delinquency rate held steady since the fourth quarter of 2011.

Update: Third Quarter 2012

The share of delinquent mortgages in South Carolina declined since the third quarter of 2011, while the share of mortgages in foreclosure remained unchanged.

Update: Second Quarter 2012

The South Carolina foreclosure rate rose somewhat in recent months, although delinquency rates edged down.

Update: First Quarter 2012

Although delinquency rates in South Carolina declined since the first quarter of 2011, foreclosure activity continued to expand. 

Virginia


2014

Update: Third Quarter 2014

Both the total foreclosure and 90+ day delinquency rates in Virginia were unchanged in the third quarter of 2014 but declined since the third quarter of 2013.

Update: Second Quarter 2014

The foreclosure rate in Virginia was unchanged in the second quarter of 2014 but declined over the preceding year while the 90+ day delinquency rate fell over both periods.

Update: First Quarter 2014

Both the foreclosure and 90+ day delinquency rates in Virginia fell further in the first quarter of 2014 and on a year-over-year basis and remain some of the lowest in the country.

2013

Update: Fourth Quarter 2013

The foreclosure rate in Virginia is one of the lowest in the nation and continued to improve in the fourth quarter. The 90+ day delinquency rate also declined further over the year.

Update: Third Quarter 2013

The Virginia foreclosure rate in the third quarter of 2013 was half of the rate in the third quarter of 2012. The state’s 90+ day delinquency rate also declined over the period.

Update: Second Quarter 2013

Recent data show that foreclosure and delinquency rates in Virginia came down in the second quarter, indicating improving conditions in state housing markets.

Update: First Quarter 2013

Although the delinquency rate in Virginia inched up since March 2012, the state’s mortgage foreclosure rate declined over the year.

2012

Update: Fourth Quarter 2012

The share of delinquent mortgages in Virginia remained unchanged since December 2011, while the share of mortgages in foreclosure fell over the year.

Update: Third Quarter 2012

Mortgage delinquency in Virginia ticked up slightly over the year, although the foreclosure rate remained below its third quarter of 2011 level as conditions improved in the subprime mortgage market.

Update: Second Quarter 2012

Mortgage market conditions did not change notably over the past year in Virginia, with foreclosure and delinquency rates holding relatively steady.

Update: First Quarter 2012

On the whole, housing conditions were more upbeat in Virginia, with foreclosure activity holding steady and delinquency declining from the first quarter of 2011.

West Virginia


2014

Update: Third Quarter 2014

In West Virginia, both the total foreclosure and 90+ day delinquency rates were essentially unchanged in the second quarter of 2014. On a year-over-year basis, the foreclosure rate declined while the delinquency rate edged up.

Update: Second Quarter 2014

In the second quarter of 2014, the West Virginia foreclosure rate declined on a year-over-year basis while the 90+ day delinquency rate rose in the quarter and since the second quarter of 2013.

Update: First Quarter 2014

The foreclosure rate in West Virginia fell in the first quarter of 2014 and over the prior year while the 90+ day delinquency rate was unchanged from the first quarter of 2013.

2013

Update: Fourth Quarter 2013

Since the fourth quarter of 2012, both the foreclosure and the 90+ day delinquency rates improved in West Virginia.

Update: Third Quarter 2013

In the past year, the West Virginia foreclosure rate fell modestly while the delinquency rate remained unchanged.

Update: Second Quarter 2013

Foreclosure and delinquency rates in West Virginia declined further in the second quarter.

Update: First Quarter 2013

For the third consecutive quarter, the share of mortgages in foreclosure in West Virginia fell on a year-over-year basis. The delinquency rate in the state also declined since the first quarter of 2012.

2012

Update: Fourth Quarter 2012

The foreclosure rate in West Virginia continued to decline on a year-over-year basis, while the delinquency rate held steady since the fourth quarter of 2011.

Update: Third Quarter 2012

Reports on the West Virginia mortgage market were upbeat in the third quarter of 2012, with year-over-year decline in mortgage delinquency and foreclosure.

Update: Second Quarter 2012

Although foreclosure rates in West Virginia rose slightly over the year, delinquency rates continued their downward trend.

Update: First Quarter 2012

Household conditions in West Virginia improved recently, as the state reported declining mortgage foreclosure activity and delinquency since the first quarter of 2011.

The views expressed in the Mortgage Performance Summaries are those of the contributors and not necessarily of the Federal Reserve Bank of Richmond or the Federal Reserve System.

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