step 3. Perfect mortgage delinquency rates, of the region
Cards: Brand new delinquencies are getting mortgages that will be 31, 60, and you may 3 months past-due. All delinquency rates is actually nonseasonally adjusted. Source: Mortgage Bankers Association.
After 2006, this new delinquency price to possess subprime mortgage loans is 21.1% when you look at the Michigan and you will 14.2% nationally. The five Seventh Area states got highest delinquency costs compared to federal mediocre, varying anywhere between fourteen.7% inside Wisconsin and 21.1% in the Michigan (get a hold of profile 4).
4. Subprime mortgage delinquency prices, of the part
Notes: The fresh delinquencies are having mortgages which can be 31, sixty, and you may 3 months past-due. All the delinquency prices try nonseasonally adjusted. Source: Financial Bankers Relationship.
Additionally, Indiana possess increased share of subprime mortgage loans because the a share out of total mortgages, ergo exacerbating new feeling of one’s subprime troubles. Specifically, Indiana’s express is 18.3%, or 3.1% over the national mediocre.
Can be sector players assist in preventing new spread away from subprime trouble?
There are a number of latest societal and personal efforts you to is help prevent this new spread of the subprime trouble on larger discount. Read more
