Loan delinquencies in Colorado remain a problem, but the state is starting to track more closely with the rest of the country, according to a second-quarter survey from the Mortgage Bankers Association.
Of the slightly more than 1 million mortgage loans in the state that the MBA tracks, 3.87 percent were delinquent, versus a 5.12 percent rate for the U.S. as a whole.
About 2.51 percent of the Colorado loans were seriously delinquent, defined as 90 days past due or in foreclosure, close to the 2.47 percent rate recorded nationally.
As is the case elsewhere, subprime loans are defaulting at a much higher rate, with 11.04 percent past due and 9.28 percent seriously delinquent. The MBA counted 127,876 subprime loans in the state.
About 0.94 percent of prime loans in the state are seriously delinquent.
Staff writer Aldo Svaldi can be reached at 303-954-1410 or asvaldi@denverpost.com.
