The average percentage of home mortgages in some stage of delinquency in the Houma-Thibodaux area is holding steady, according to a a property data company report released in December.
In September, 8.4 percent of mortgages were delinquent by at least 30 days, including those in foreclosure, which is unchanged compared to September 2016, CoreLogic reported.
Local mortgages in serious delinquency of 90-plus days past due totaled 3.2 percent compared with 3.4 percent in September 2016, CoreLogic said.
The foreclosure inventory rate for September was 0.9 percent compared with 1 percent a year earlier. The foreclosure inventory rate measures the share of mortgages in some stage of the foreclosure process.
Nationally, 5 percent of mortgages were in some stage of delinquency in September, compared to 5.2 percent a year earlier, CoreLogic said.
As of September, the national foreclosure inventory rate was 0.6 percent, down from 0.8 percent in September 2016.
"Both August and September of this year experienced the lowest foreclosure inventory rate since June 2007 when it was also 0.6 percent, and the September foreclosure inventory rate was the lowest for the month of September in 11 years when it was 0.5 percent in September 2006," the data company said.
Last month CoreLogic said the effect of the drop in crude oil prices since 2014 has taken a toll on mortgage loan performance in local markets, which have led to oil-related layoffs and an increase in loan delinquency rates.
Houma-Thibodaux jobs remained steady in November but are down 1,400 from a year ago, according to a report issued by the state in December.
The estimated number of jobs Terrebonne and Lafourche parishes have lost since the offshore oil bust began in mid-2014 is around 16,000.
The Houma-Thibodaux metro area, comprised of Terrebonne and Lafourche parishes, posted a 4.5 percent unemployment rate in October, according to a report released last month. It was down from 5.5 percent in September and 6.6 percent a year earlier.