Utah People's Post

The Latest News from the Beehive State

Tuesday, May 17, 2022
Log in
  • National News
    • Female Caseworker Killed & Doctor Shot in Philadelphia
  • State News
    • Car Chase Leads to Drug Arrest
  • Tech & Science
  • Health
    • How to Prepare For Ticks Season
    • Magical Weight Loss Bean Scam
  • Sports
  • Business
You are here: Home / Business / 8.12 percent of New Jersey mortgages in foreclosure process

8.12 percent of New Jersey mortgages in foreclosure process

May 15, 2014 Posted by Staff

The Mortgage Bankers Association on Thursday said that about 8.12 percent of mortgages were in the foreclosure process in New Jersey.

With this development, New Jersey has surpassed Florida with the highest share of mortgages in foreclosure process in the United States in the first quarter as delinquencies nationally fell to pre-crisis levels.

Michael Fratantoni, chief economist for the Mortgage Bankers Association in Washington, said, “The foreclosure inventory rate in New Jersey has basically been flat for three years at this high level. Everywhere else things are improving, and at an accelerating pace in some areas.”

new jersey foreclosure

According to the Mortgage Bankers Association report, the delinquency rate on home mortgages in America fell in the first three months of 2014 to its lowest level in six years.

The report further says the delinquency rate on all home loans in the United States fell to 6.11 percent in the first quarter from 6.39 percent in the prior three months.

New Jersey emerged as the only state to have an increase from the fourth quarter, when the share was 7.9 percent. In Florida, the rate of loans in foreclosure dropped to 7.62 percent from 8.56 percent in the previous three months.

Market analysts say, the US job market has improved steadily over the years and this has helped more Americans stay current on their mortgage payments over the last year. The delinquency rate was 7.25 percent in the first quarter of 2013.

“We are seeing sustained and significant improvement in overall mortgage performance,” MBA’s chief economist Mike Fratantoni said in a statement.

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Business Tagged With: foreclosure inventory rate, foreclosure process, foreclosure process in New Jersey, home loan in New Jersey, home loan in US, Mortgage Bankers Association, Mortgage Rates, mortgages, New Jersey

Woman working out at the gym

Just 23% of Americans Are Working Out Enough in Their Spare Time

June 29, 2018 By Amelia Donovan

Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)

June 29, 2018 By Amelia Donovan

United Airlines airplane

Passenger Mysteriously Dies on United Airlines flight Bound for Boston

June 28, 2018 By Amelia Donovan

Breakfast sandwich

Here Are Some Foods No Nutritionist Would Ever Eat

June 27, 2018 By Amelia Donovan

Poppy flower

UN Warns of Surge in Opium-based Drugs and Cocaine Supply

June 27, 2018 By Amelia Donovan

U.S.-Canada border

French Jogger Detained 2 Weeks for Accidentally Crossing Border

June 26, 2018 By Amelia Donovan

Plus size model

Normalizing Plus Size Could Fuel Obesity Crisis (Study)

June 25, 2018 By Amelia Donovan

Giant manta ray

Unique Manta Ray Nursery Spotted off Texas Coast

June 23, 2018 By Amelia Donovan

The rainbow flag

WHO Scraps Transgenderism from List of Mental Illnesses

June 22, 2018 By Amelia Donovan

456 People Dead at U.K. Hospital after Taking too Many Painkillers

June 21, 2018 By Amelia Donovan

Kenyan girls dancing

Kenyans Facing Poor Nutrition as Supermarket Shopping Is on the Rise

June 20, 2018 By Amelia Donovan

Pages

  • About
  • Contact
  • Privacy Policy GDPR
  • Staff
  • Terms and Conditions

Recent Posts

  • Just 23% of Americans Are Working Out Enough in Their Spare Time
  • Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)
  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston
  • Here Are Some Foods No Nutritionist Would Ever Eat
  • UN Warns of Surge in Opium-based Drugs and Cocaine Supply
  • French Jogger Detained 2 Weeks for Accidentally Crossing Border
  • Normalizing Plus Size Could Fuel Obesity Crisis (Study)

Related Articles

  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston

    Jun 28, 2018
  • Fishing boat in the Atlantic Ocean

    U.S. Seafood Dealer Lied About Fish Being Caught in U.S.

    Jun 14, 2018
  • Tesla car on the road

    Tesla’s Autopilot Software To ‘Nag’ Drivers to Keep Hands on Wheel

    Jun 12, 2018
  • Mexico Slaps Tariffs on U.S. Steel, Pork, and Bourbon

    Jun 6, 2018
  • Dairy cows on a pasture

    Kentucky Milk Plant Closes after Losing Contract with Walmart

    Jun 4, 2018
  • Tesla founder Elon Musk

    Elon Musk Upset About Latest Tesla Crash Being ‘Front Page News’

    May 16, 2018
  • Orange juice bottles on Whole Foods shelves

    Amazon to Roll Out New Prime Perks for Whole Foods Shoppers

    May 2, 2018
  • U.S. Liquor Store

    Alcohol Sales on Sunday No Longer Banned in Indiana

    Mar 5, 2018
  • Bitcoin coins on 100-dollar bills

    Iran Unveils Its First National Cryptocurrency

    Feb 23, 2018
  • Transavia Airlines plane taking off

    Man on Plane who Wouldn’t Stop Farting Causes Emergency Landing

    Feb 19, 2018

Categories

  • Business
  • Entertainment
  • Health
  • National News
  • Nature
  • Provo
  • Salt Lake News
  • Science
  • Sports
  • State News
  • Tech & Science
  • Technology
  • Uncategorized
  • West Jordan
  • West Valley City
  • World

Copyright © 2022 utahpeoplespost.com

About · Privacy Policy · Terms of Use · Site Map · Contact