Colorado Mortgage Default Rates

Of the slightly more than 1 million mortgage loans in Colorado, 3.87 percent were delinquent, versus a 5.12 percent rate for the U.S. as a whole, according to a recent survey from the Mortgage Bankers Association.

Subprime loans are defaulting at a much higher rate, with 11.04 percent past due. The MBA counted 127,876 subprime loans in the state.

From here.

This implies roughly 38,700 delinquent mortgages in Colorado, of which 14,118 are subprime. It also implies a prime mortgage delinquency rate of 2.8%, which is a quarter of the subprime delinquency rate.

Note that this is a point in time measure. Delinquencies over the term of the entire loan would necessarily be higher, although many delinquencies are minor and are cured promptly.