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Fewer troubled home loans in Vermont than other New England states

Posted by: Leslie Black-Plumeau on September 1, 2010 - 2:47pm

An estimated 4.76% of home mortgages in Vermont were seriously delinquent in the second quarter of 2010. No other state in New England — and only six states in the U.S. — fared this well, according to recent data from the Mortgage Bankers Association’s National Delinquency Survey.

A loan is considered “seriously delinquent” if it's delinquent by 90 days or more, or if it's entered the foreclosure process.

Approximately 2.71% of Vermont’s mortgages were in the foreclosure process as of June 31, 2010 — substantially fewer than in New England and the U.S.

An estimated 0.56% of Vermont’s mortgages started the foreclosure process in Vermont during 2010’s second quarter — fewer than all but three states in the country: Alaska, North Dakota, and Wyoming.

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