The number of Connecticut foreclosures and seriously delinquent loans fell slightly in the second quarter, an industry survey said Thursday.
About 8.16 percent of the 520,386 home mortgage loans serviced during the second quarter in Connecticut were at least 30 days past due, Â a decrease of 15 basis points from the first quarter of 2010, according to the Mortgage Bankers Association.
The delinquency rate excludes loans in the process of foreclosure.
Meanwhile, the percentage of loans in Connecticut in which foreclosure was started during the quarter fell 11 basis points to 0.88 percent. That means lenders started foreclosure proceedings on about 625 homes in the state during the April-to-June period. Finally, 4.01 percent of Connecticut’s outstanding home loans were in the foreclosure process at the end of the quarter, an increase of 8 basis points to 4.01 percent.
The rates are not seasonally adjusted. Mortgage delinquency rates normally rise between the first and second quarters of the year due to a variety of seasonal factors.
On a national level, the delinquency rate for mortgage loans on one-to-four-unit residential properties was 9.4 percent on a non-seasonally adjusted basis, up two basis points from 9.38 percent in the first quarter of 2010.
Among the 50 states, Connecticut ranked 30th in delinquencies and 26th in foreclosures started. Mississippi ranked first in delinquencies with a rate of 13.66 percent and Nevada ranked first in foreclosure starts with a rate of 2.93 percent.
