Cards: The latest delinquencies are to possess mortgage loans which might be 29, 60, and you will 90 days past-due. Most of the delinquency cost try nonseasonally adjusted. Source: Financial Bankers Connection.
At the end of 2006, new delinquency rate having subprime mortgage loans are 21.1% into the Michigan and fourteen.2% in the united states. Every five Seventh Region claims got highest delinquency rates as compared to national average, different ranging from 14.7% in Wisconsin and you can 21.1% inside the Michigan (look for figure 4).
cuatro. Subprime mortgage delinquency rates, by area
Notes: This new delinquencies was to own mortgage loans that will be 29, sixty, and you will 90 days overdue. All of the delinquency prices is actually nonseasonally adjusted. Source: Financial Lenders Connection.
At exactly the same time, Indiana enjoys a high display out-of subprime mortgage loans because the a portion of complete mortgages, therefore exacerbating the newest perception of the subprime issues.
Read more3. Finest mortgage delinquency pricing, from the region