OHCS SF Revenue Bonds: Delinquency and REO are Up From Year Ago.

The table below shows the change in Oregon SF bond delinquency and REO stats from April 2009 to April 2010. (The most recent OHCS quarterly revenue bond statement HERE will open to page 6 where current data can be found). 

Some observations:

1. 100 OHCS loans were foreclosed during this 1 year period.
2. REO inventory increased by 247% to 52, increasing by more than $6 million in a year.
3. Seriously delinquent +In foreclosure rates combined to 3.2% in 2009, and are 6.2% a year later. 
4. (Not in table): OHCS total loans were 8,335 in 2010, a reduction of 407 from prior year.

OHCS SF Revenue Bond Delinquency and REO Stats, April 2009 and April 2010
Metric	2009	2010	% 2010-2009 Change	# 2010-2009 Change
30 Days Delinquent	1.21%	1.43%	18%
60 Days Delinquent	0.74%	0.92%	24%
90 Days Delinquent	1.43%	3.44%	141%
In Foreclosure	1.77%	2.82%	59%
# of Loans Foreclosed	381	481	26%	100
REO Number of Loans	15	52	247%	37
REO Current Balance	$1,710,442	$7,901,744	362%	$     6,191,302

Originally created and posted on the Oregon Housing Blog.