In the Fifth District, the prime and subprime foreclosure and 90+ day delinquency rates improved slightly in the third quarter of 2016 and were lower than the rates reported in the third quarter of 2015.

The total foreclosure rate in the Fifth District edged slightly lower in the second quarter of 2016 and declined 0.4 percentage point on a year-over-year basis. Likewise, the share of mortgages with payments 90 or more days past due declined over both periods.

In the first quarter of 2016, the total foreclosure rate in the Fifth District was practically unchanged from the prior quarter but fell 0.3 percentage point on a year-over-year basis. Mortgages with payments 90 or more days past due declined in the quarter and since the first quarter of 2015.

The foreclosure rate in the Fifth District declined in the fourth quarter of 2015 and on a year-over-year basis; the 90+ day delinquency rate was unchanged in the quarter but fell 0.6 percentage point since the fourth quarter of 2014.

Both the total foreclosure and 90+ day delinquency rates in the Fifth District declined in the third quarter of 2015 and on a year-over-year basis.

Foreclosure and delinquency rates in the Fifth District declined in the second quarter of 2015 and on a year-over-year basis as prime and subprime mortgage performance improved.

In the first quarter of 2015, the total foreclosure rate in the Fifth District was virtually unchanged from the previous quarter but declined on a year-over-year basis. Mortgages with payments 90 or more days past due, however, declined in the quarter and since the first quarter of 2014.

The total foreclosure rate in the Fifth District declined in the fourth quarter and on a year-over-year basis. The 90+ day delinquency rate was unchanged in the fourth quarter but declined since the fourth quarter of 2013.

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

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

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.

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.

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

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

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

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

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.

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.

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

In the third quarter of 2016, the foreclosure rate in D.C. declined in the quarter and since the third quarter of 2015; the 90+ day delinquency rate was unchanged over both periods. In Maryland, the foreclosure rate and the 90+ day delinquency rate fell in the quarter and on a year-over-year basis.

The 90+ day delinquency rate was unchanged in D.C. in the second quarter of 2016 but was slightly lower than the rate reported a year ago. In Maryland, both rates improved in the quarter and on a year-over-year basis.

Both the foreclosure and delinquency rates improved in Maryland in the first quarter of 2016 and on a year-over-year basis. In D.C., the foreclosure and delinquency rates were both unchanged in the quarter but fell on a year-over-year basis.

The foreclosure rates in D.C. and Maryland declined in both the quarter and since the fourth quarter of 2014. The 90+ day delinquency rates in D.C. and Maryland were unchanged in the fourth quarter but declined on a year-over-year basis.

In the third quarter of 2015, both the total foreclosure and 90+ day delinquency rate in D.C. declined from the prior quarter. In Maryland, the foreclosure rate was unchanged in the third quarter while the delinquency rate edged slightly lower.

The 90+ day delinquency rate in D.C. declined in the second quarter of 2015 and over the preceding year while the foreclosure rate declined slightly in the quarter but remained above the rate reported in 2014. In Maryland, foreclosure and delinquency rates declined in the quarter and since the second quarter of 2014.

Prime and subprime foreclosure and delinquency rates improved in Maryland since the first quarter of 2014. In D.C., the prime and subprime delinquency rates fell on a year-over-year basis; however, both foreclosure rates rose since the first quarter of 2014.

Since the fourth quarter of 2013, both the total foreclosure rate and the 90+ day delinquency rate in D.C. declined. Both rates also declined in Maryland over the year.

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.

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.

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.

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.

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

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.

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

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.

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.

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.

The prime foreclosure and 90+ day delinquency rates in North Carolina were unchanged in the third quarter of 2016 while the subprime foreclosure and 90+ day delinquency rates both declined. On a year-over-year basis, both prime and subprime foreclosure and delinquency rates improved.

The prime and subprime foreclosure and 90+ day delinquency rates declined in the second quarter of 2016 and since the second quarter of the previous year.

North Carolina’s foreclosure and 90+ day delinquency rates improved in the first quarter of 2016 and on a year-over-year basis.

Both the foreclosure and 90+ day delinquency rates in North Carolina were unchanged in the fourth quarter of 2015. The foreclosure rate was also unchanged compared to the fourth quarter of 2014 while the 90+ day delinquency rate declined on a year-over-year basis.

The total foreclosure rate in North Carolina was unchanged in the third quarter of 2015 but declined on a year-over-year basis; the 90+ day delinquency rate declined over both periods.

The 90+ day delinquency rate in North Carolina declined in the second quarter of 2015 and since the second quarter of the prior year while the foreclosure rate was unchanged over both periods.

North Carolina’s prime and subprime 90+ day delinquency rates fell in the first quarter of 2015 and on a year-over-year basis; prime and subprime foreclosure rates also declined on a year-over-year basis.

Prime and subprime foreclosure and 90+ day delinquency rates in North Carolina declined from the fourth quarter of 2013 to the fourth quarter of 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.

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.

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.

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.

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

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.

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

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.

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.

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

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

In South Carolina, the prime and subprime foreclosure rates fell in the third quarter of 2016 and since the third quarter of 2015. The prime 90+ day delinquency rate was unchanged in the quarter but improved on a year-over-year basis while the subprime delinquency rate fell over both periods.

The total foreclosure rate in South Carolina fell 0.2 percentage point in the second quarter of 2016 and improved on a year-over-year basis. Meanwhile, the 90+ day delinquency rate was unchanged in the quarter but declined 0.2 percentage point since the second quarter of 2015.

In the first quarter of 2016, South Carolina’s foreclosure rate rose slightly from the prior quarter but fell 0.2 percentage point on a year-over-year basis. The state’s 90+ day delinquency rate, however, fell over both periods.

South Carolina’s foreclosure rate fell in the fourth quarter of 2015 and on a year-over-year basis. The state’s 90+ day delinquency rate ticked up in the quarter but remained below the rate reported in the fourth quarter of 2014.

Both the total foreclosure and 90+ day delinquency rates in South Carolina were unchanged in the third quarter of 2015 while both declined on a year-over-year basis.

The South Carolina foreclosure and 90+ day delinquency rate declined in the second quarter of 2015 and on a year-over-year basis.

In the first quarter of 2015, South Carolina’s prime and subprime foreclosure rates were unchanged from the prior quarter although both rates declined since the first quarter of 2014. The state’s prime and subprime 90+ day delinquency rates fell over both periods.

South Carolina’s foreclosure rate declined in the fourth quarter of 2014 and on a year-over-year basis while the state’s 90+ day delinquency rate rose slightly in the quarter but declined since the fourth quarter of 2013.

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.

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.

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.

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

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

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.

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.

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

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

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

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

In the third quarter of 2016, both the 90+ day delinquency rate and the foreclosure rate in Virginia were unchanged; however both rates improved slightly on a year-over-year basis.

Both the prime and subprime foreclosure rates improved in the second quarter of 2016 and on a year-over-year basis. Likewise, the share of mortgages with payments 90 or more days late declined over both periods.

Virginia’s foreclosure rate was unchanged in the first quarter of 2016, but declined slightly from the first quarter of the previous year. The state’s 90+ day delinquency rate, on the other hand, declined slightly compared to the prior quarter and the first quarter of 2015.

The foreclosure rate in Virginia edged slightly lower in the fourth quarter of 2015 and declined on a year-over-year basis. The 90+ day delinquency rate in Virginia was unchanged in the quarter but fell 0.4 percentage point since the fourth quarter of 2014.

Virginia continued to report one of the lowest total foreclosure rates in the nation; however, the rate was unchanged in the third quarter of 2015 and on a year-over-year basis. The 90+ day delinquency rate declined over both periods.

The foreclosure rate in Virginia declined slightly in the second quarter of 2015 and on a year-over-year basis while the 90+ day delinquency rate also ticked down over both periods.

Since the first quarter of 2014, Virginia’s prime foreclosure rate was unchanged while the subprime foreclosure rate ticked down slightly; both the prime and subprime 90+day delinquency rates improved over the prior year.

Both Virginia’s foreclosure rate and 90+ day delinquency rate were unchanged in the fourth quarter but both rates declined since the fourth quarter of 2013.

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.

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.HTML

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.

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.

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.

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

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

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

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.

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

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

In West Virginia, the foreclosure rate was unchanged in the third quarter of 2016 but improved slightly compared to the third quarter of 2015. The 90+ day delinquency rate edged higher in the quarter but was marginally lower than the rate reported a year ago.

The total foreclosure rate in West Virginia was unchanged in the second quarter of 2016 but declined 0.2 percentage point on a year-over-year basis; the 90+ day delinquency rate, on the other hand, improved in the quarter and since the second quarter of 2015.

Both the foreclosure and 90+ day delinquency rates in West Virginia declined in the first quarter of 2016 and since the first quarter of last year.

West Virginia’s foreclosure rate was unchanged in the fourth quarter of 2015 but declined slightly from the fourth quarter of the previous year. The 90+ day delinquency rate ticked up slightly in the quarter but declined on a year-over-year basis.

In West Virginia, the total foreclosure rate was unchanged in the third quarter of 2015 but declined slightly on a year-over-year basis; the 90+ day delinquency rate edged slightly higher in the quarter but declined since the third quarter of 2014.

The 90+ day delinquency rate in West Virginia declined in the second quarter of 2015 and on a year-over-year basis while the foreclosure rate was unchanged in the quarter and since the second quarter of 2014.

West Virginia’s prime and subprime foreclosure and 90+ day delinquency rates improved in the first quarter of 2015 and since the first quarter of 2014.

In the fourth quarter of 2014, West Virginia’s foreclosure rate declined on a year-over-year basis while the 90+ day delinquency rate rose slightly over the year.

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.

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.

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.

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

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

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

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.

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.

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.

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

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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