Tampa Bay's mortgage delinquency rate continues to fall

The percentage of Tampa Bay homeowners late on their mortgage payments continues to fall.

According to the real estate information firm CoreLogic, 4.2% of bay area homeowners were at least 30 days delinquent in June, down from 5.5% the same month a year earlier.

The percentage of those 90 or more days late dropped from 3.3% to 1.7%. Less than 1% of Tampa Bay homes with mortgages were in some stage of foreclosure in June.

Nationally, the foreclosure rate was 0.4%, a 20-year low. But eight states — not including Florida — showed rising mortgage delinquencies in what could be a harbinger of problems ahead.

"While the nation continues to post near-record low mortgage delinquency rates, we are seeing signs of emerging stress in some states,'' said Frank Martell, Corelogic's president and CEO. "We saw rates jump in states such as Vermont, New Hampshire, Nebraska and Minnesota that weren't tied to a natural disaster.''

Tribune Content Agency
Foreclosures Delinquencies CoreLogic Florida
MORE FROM NATIONAL MORTGAGE NEWS