Small improvement in mortgage delinquency
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
The delinquency rate for residential mortgage loans in Minnesota showed some improvements in the second quarter.
Residential mortgage loan delinquency fell about 1 percentage point in the second quarter ending in June, compared to the same period last year, according to the Mortgage Bankers Association.
Improvements were seen across a range of loans, from prime adjustable rate mortgages to subprime fixed rate loans.
The percentage of loans in foreclosure decreased across most loan categories. But lenders are initiating foreclosures at a higher rate than last year for some loan categories.
Among the 50 states and the District of Columbia, Minnesota ranked 44th in delinquencies and 20th in foreclosure starts.
Turn Up Your Support
MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all.
