Las Vegas Sun

October 21, 2016

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Mortgage delinquencies falling in Las Vegas

The 90-day mortgage delinquency rate for Las Vegas homeowners dipped to its lowest level in nearly two years, a research firm reported.

California-based CoreLogic said 16.94 percent of homeowners with a mortgage were delinquent 90 days or more in May. The delinquency rate has fallen steadily since it was 21.02 percent in February 2010.

The national rate is 7.29 percent and the Nevada rate is 15.05 percent.

California-based RealtyTrac reported this week that Las Vegas continued to post the nation’s highest foreclosure rate for metropolitan areas during the first six months of 2011.

One in every 19 housing units had a foreclosure filing during the first six months of 2011, nearly six times the national average. Filings fell 18 percent from the last six months of 2010 and were 18 percent lower than the first half of 2010.

Phoenix ranked second in the nation behind Las Vegas.

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