Corelogic: Serious Delinquency Rates Decrease Across The United States
Serious delinquency rates decreased across the U.S. in December 2018 according to the most recent CoreLogic Loan Performance Insights report.
The report revealed that loans that were 90 days or more past due were down in all states with the exception of North Dakota, which remained constant.
While rates seem to be down in the majority of the states, there are some metros that are still struggling with their delinquency rates.
"Since the beginning of 2018, the nation's overall delinquency rate has fallen to pre-housing crisis levels, not seen since early 2006. However, several metropolitan areas in Florida, Georgia and North Carolina are still struggling to recover from natural disasters that impacted those areas," according to CoreLogic.
"In December 2018, 10 out of the 12 metropolitan areas that logged increases in their serious delinquency rate were located in the Southeast, with the largest gains occurring in the Panama City, Florida metropolitan area."
Natural disasters have played a huge role in serious delinquency rates for areas impacted by them long after the disasters actually occurred. It is especially harder for areas that are continuously impacted by natural disasters to see improvement in the numbers.
To learn more about the delinquency rates across the country, click on the image above.
