Report: Mortgage Delinquencies Reach Record Lows in January

Mortgage delinquencies reached a record low in January, as 2 million homeowners are past due on their mortgages or in foreclosure, according to preliminary data released Thursday by Black Knight.

Delinquencies dropped by more than 5 percent last month – their lowest level since Black Knight began tracking the data in 2000. Additionally, delinquencies have plummeted 14 percent over the last year.

The national foreclosure rate remains unchanged, with foreclosure starts slightly higher in January but 15 percent below January 2019 levels.

Data from the monthly report showed:

  • 3.22 percent are 30 days or more past due (but not in foreclosure).
  • 0.46 percent of loans are in foreclosure.
  • Mississippi, Louisiana, Alabama, West Virginia and Arkansas are the top five states with the highest loan delinquency rates.
  • California, Idaho, Oregon, Washington and Colorado have the lowest loan delinquency rates.

Complete data will be available March 2.