Magazine article Mortgage Banking

Market Trends Overview by State

Magazine article Mortgage Banking

Market Trends Overview by State

Article excerpt

(April 2011 Data, Ranked Worst to Best by Foreclosure Rate-Includes
 District of Columbia)

Rank  State          Foreclosure  Foreclosure     REO     REO
                         Rate         Rate 12     Rate    Rate 12
                                    Months Ago            Months
                                                           Ago

  1     FLORIDA         12.41%       10.99%      0.96%    1.07%

  2     NEVADA          7.06%        7.50%       1.66%    1.25%

  3     NEW JERSEY      6.21%        4.46%       0.19%    0.30%

  4     ILLINOIS        4.96%        3.70%       0.61%    0.75%

  5     NEW YORK        4.12%        2.99%       0.13%    0.21%

  6     MAINE           3.92%        2.94%       0.26%    0.40%

  7     ARIZONA         3.45%        3.57%       1.33%    1.26%

  8     INDIANA         3.45%        2.84%       0.27%    0.47%

  9     OHIO            3.45%        2.93%       0.49%    0.63%

 10   CONNECTICUT       3.39%        2.70%       0.28%    0.41%

 11   RHODE ISLAND      3.38%        2.27%       0.57%    0.65%

 12   HAWAII            3.29%        3.18%       0.67%    0.49%

 13   DELAWARE          3.23%        2.69%       0.30%    0.26%

 14   SOUTH             3.11%        2.31%       0.40%    0.49%
      CAROLINA

 15   NEW MEXICO        2.96%        2.07%       0.37%    0.34%

 16   CALIFORNIA        2.80%        3.02%       0.85%    0.82%

 17   OREGON            2.76%        2.05%       0.46%    0.49%

 18   LOUISIANA         2.72%        2.37%       0.41%    0.41%

 19   MARYLAND          2.68%        2.51%       0.49%    0.65%

 20   KENTUCKY          2.62%        2.00%       0.39%    0.47%

 21   GEORGIA           2.58%        2.40%       1.03%    0.91%

 22   OKLAHOMA          2.56%        2.09%       0.31%    0.34%

 23   PENNSYLVANIA      2.51%        1.99%       0.31%    0.32%

 24   MISSISSIPPI       2.43%        1.94%       0.57%    0.62%

 25   WISCONSIN         2.41%        2.06%       0.37%    0.44%

 26   MICHIGAN          2.39%        2.37%       1.23%    1.29%

 27   IDAHO             2.38%        2.40%       0.70%    0.57%

 28   DISTRICT OF       2.24%        1.80%       0.32%    0.54%
      COLUMBIA

 29   NORTH             2.22%        1.44%       0.31%    0.43%
      CAROLINA

 30   WASHINGTON        2.2T%        1.54%       0.47%    0.29%

 31   VERMONT           2.20%        1.66%       0.13%    0.19%

 32   IOWA              2.18%        1.87%       0.28%    0.31%

 33   MASSACHUSETTS     2.14%        1.88%       0.35%    0.41%

 34   TENNESSEE         1.96%        1.44%       0.38%    0.53%

 35   MINNESOTA         1.91%        1.71%       0. … 
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