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Texas Foreclosure, Delinquency Rates Down

WASHINGTON, D.C. (Mortgage Bankers Association) – Foreclosure and delinquency rates were down across the board for Texas in first quarter 2012, according to the Mortgage Bankers Association’s National Delinquency Survey, which was released Wednesday.
Texas’ overall delinquency rate dropped from 9.1 percent in fourth quarter 2011 to 7.3 percent in first quarter 2012, the lowest rate since second quarter 2008.
Mortgages seriously delinquent (90 or more days delinquent or in foreclosure) declined from 4.7 percent in fourth quarter 2011 to 4.4 percent in first quarter 2012.
Loans in foreclosure increased slightly from 1.8 percent to 1.9 percent. However, loans 90 or more days delinquent fell to 2.5 percent in first quarter 2012 from 3 percent in fourth quarter 2011 and from 2.8 percent in first quarter 2011.

"Texas Foreclosure, Delinquency Rates Down" was brought to you by the outstanding agents at Register Real Estate Advisors.

Shannon Register

Shannon Register's Blog

Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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Shannon Register is the Owner and Broker of Register Real Estate Advisors in the Spring area. Originally from Georgia with a Bachelors Degree in Economics from the University of Georgia in Athens, she has lived in New York, Kentucky, and Texas and now resides in the Spring area. She is a long time...

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