Virginia Beach-Norfolk-Newport News, VA-NC (Metro)

In North Carolina

Here is a look at the percentage of home loans in trouble as of July 2009. Troubled loans on this page are those in which the borrower is more than 60 days behind on payments or the lender has taken or is in the process of taking the property.

Loans
 
Prime
Least risk loans
Alt-A
More risk loans
Subprime
Most risk loans
As of July 2009 6,177 516 147
+60 days delinquent 4.6% 12.4% 34.0%
Total Percentage Bank-Owned or in Foreclosure 1.4% 6.0% 12.9%

Virginia Beach-Norfolk-Newport News, VA-NC (Metro)

In Virginia

Loans
 
Prime
Least risk loans
Alt-A
More risk loans
Subprime
Most risk loans
As of July 2009 249,568 13,582 13,860
+60 days delinquent 3.7% 12.3% 34.5%
Total Percentage Bank-Owned or in Foreclosure 0.9% 5.6% 10.7%


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Sources: First American CoreLogic, LoanPerformance data, collected July 2009 on more than 80 percent of home mortgages from lenders, loan servicers and issuers of mortgage-backed securities.
Counts are estimates based on market multipliers.

Mortgage Bankers of America.