Rising delinquencies change the housing landscape ![]() mortgages 90+ days delinquent in January 2023.Ĭalifornia’s share of delinquent mortgages has crept higher since bottoming at 1.7% in May 2022 - the same month that home prices peaked here in the state. While lenders may start the foreclosure process on mortgages 90+ days delinquent, a notice of default (NOD) was issued for just 5.6% of U.S. The same trend is taking place here in California, where 2.0% of mortgaged homes are in some stage of delinquency as of January 2023, up slightly from 1.9% at the end of 2022, according to Black Knight.
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