The Share of Delinquent Loans That Are 90-Days or More Outstanding Remains Among the Highest in the Nation

Nevada Ranks 2nd in Terms of 90-Days-Plus Delinquencies

The Mortgage Bankers Association just released their fourth quarter national survey of mortgage delinquency data.  From a national perspective, mortgage delinquencies and foreclosures declined during the latest reporting period.  New Jersey surpassed Florida to have the highest rate of foreclosure starts, but Florida continues to hold the highest percent of loans in foreclosure.

In Nevada, approximately 7.0 percent of loans are past due, which places Nevada in the middle of the pack nationally (ranked 25th). However, the state’s share of loans 90 days or more past due remains the second highest in the United States at 4.0 percent. In addition, Nevada ranks eighth in terms of the share of loans in foreclosure, which now stands at 4.0 percent. As a result, roughly 34,779 loans (8.0 percent) are considered seriously delinquent in the state (90-days past due plus loans in foreclosure). While the share is down 0.7 percentage points from the prior quarter, it is still the fourth highest in the nation and 2.6 percentage points higher than the United States average. When all past due loans are combined with those that are in foreclosures, approximately 47,995 loans are not being serviced by their borrowers, ranking 14th in the nation. 

The following provides a snapshot of key data points:

Delinquency Status

Percent of Loans

National Ranking

30 Days



60 Days



90 Days or More



Total Past Due



In Foreclosure



Total Past Due or In Foreclosure




About The Panos Team

Since 2003, Mike and Tammi have made Las Vegas their home where they have become successful agents in a highly competitive market. Our enthusiasm, integrity, diligence, work ethic and negotiation skills have well served our Buyer and Seller clients in all residential arenas including single family homes, condos, townhomes and highrise. We specialize in short sales as well as Bank Owned (REO) properties and traditional home sales. Our goal is not to be the #1 agents in Las Vegas...our goal is to be YOUR #1 agents in Las Vegas! As Las Vegas residents, we appreciate what a great place this is to raise a family, spend quality time with friends and loved ones and just simply enjoy life. We consider it a privilege to be able to help others achieve their investment goals when it comes to living in Las Vegas. We value family time, enjoy camping and riding quads, we are active in our church. We also enjoy bowling, eating ice cream, participating in our annual family talent show and just simply relaxing.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s