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
