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Subprime loans were distributed in the rural U.S. at even higher rates on average than in metropolitan counties. Much of it was concentrated in Appalachia and other areas stretching from Ohio, West.
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That’s an improvement from the 9.07 percent loan delinquency rate in the state a year earlier. And home loan performance in Texas is much better than the 10.3 percent delinquency that was reported at.
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Houston-area home loan delinquencies have spiked since last year’s storms and flooding hammered South Texas. Almost 5 percent of Houston’s home mortgages are "seriously overdue" according to CoreLogic.
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. of Texans with a home loan were at least one month behind in their payments, the Mortgage Bankers Association reported Monday. Nationwide, 8.11 percent of home borrowers are late sending in their.