Coloradoans are Fantastic at Paying Their Mortgage
Posted by West + Main Homes on
Colorado was a leader when it came to missed mortgage payments and foreclosures in the years before the 2008 financial crisis.
Now, no state can compare when it comes to borrowers who are timely on their mortgage payments and hanging onto their homes.
The share of mortgage loans in the state past due 30 days or more stood at 1.78 percent in April, according to Black Knight, a mortgage technology firm. That is only slightly above the record low of 1.76 percent reached in the state last August.
Colorado has had the lowest rate of mortgage delinquencies of any state for 26 consecutive months and has ranked in the bottom five states for the past 94 months, said Mitch Cohen, a spokesman for Black Knight.
When it comes to the share of mortgage…
1569 Views, 0 Comments