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Housing and Foreclosure Resources
Housing Market Conditions
June 2012 | March 2012
U.S. | Arkansas | Illinois | Indiana | Kentucky | Mississippi | Missouri | Tennessee
Seriously Delinquent Mortgages by Zip Code
June 2012
Source: Lender Processing Services
In June 2012, 5.9 percent of loans in Tennessee were seriously delinquent (delinquent 90 days or more, or in foreclosure). The national rate stood at 7.2 percent.
Change in Seriously Delinquent Mortgages by Zip Code
March 2012 to June 2012
Source: Lender Processing Services
The share of seriously delinquent loans decreased 4 basis points in Tennessee between March 2012 and June 2012. Loans that were delinquent 90 days or more decreased 2 bps; foreclosures decreased 5 bps.
Top 10 Zip Codes with Mortgages Under Stress
| Zip Code | CBSA or County | Seriously Delinquent Mortgages |
|---|---|---|
| 38118 | Memphis, TN-MS-AR | 19.1% |
| 38106 | Memphis, TN-MS-AR | 18.9% |
| 38115 | Memphis, TN-MS-AR | 18.2% |
| 38127 | Memphis, TN-MS-AR | 17.5% |
| 38109 | Memphis, TN-MS-AR | 16.8% |
| 38128 | Memphis, TN-MS-AR | 16.7% |
| 38141 | Memphis, TN-MS-AR | 16.6% |
| 38116 | Memphis, TN-MS-AR | 16.2% |
| 38114 | Memphis, TN-MS-AR | 15.9% |
| 38125 | Memphis, TN-MS-AR | 14.6% |
Note: Zip codes with less than 0.15% of total loans in the state were not included in this analysis. For the state of Tennessee, the cutoff is 1,061.
Source: Lender Processing Services
House Prices
Source: Federal Housing Finance Agency Seasonally Adjusted Expanded HPI
In the second quarter of 2012, house prices in Tennessee were 1.1 percent higher than the first quarter and were at the same level as the second quarter of 2011.
