Delinquent Home Mortgages in Arkansas Rise in 3Q 2012
by January 21, 2013 12:00 am 62 views
According to the most recent data from the U.S. Federal Reserve Bank’s Eighth District in St. Louis, the number of seriously delinquent home mortgages — those more than 90 days overdue, or in foreclosure — fell in all states except Arkansas in the third quarter of 2012.
The data was included in the latest Housing Market Conditions report, a quarterly overview of housing market conditions in each of the seven states that comprise the Eighth District.
Delinquencies were up 10 basis points in the state.
Delinquencies fell 38 basis points in Illinois; 18 basis points in Indiana; 21 basis points in Kentucky; 22 basis points in Mississippi; 23 basis points in Missouri and 22 percent in Tennessee.
Arkansas is the only state entirely in the Eighth District. The other six states are partially in the Eighth District and partially in another.
The Eighth District is composed of four zones, each centered around one of four main cities — Little Rock, Louisville, Memphis and St. Louis.
The report also notes that despite its small rise in delinquencies during the quarter, Arkansas’ average percentage of total delinquencies stood at 6.22 percent, still below the national average of 6.93 percent.
The fourth-quarter 2012 report will be released in early to mid-March.