- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Louisiana economy kicking arse
Posted on 6/1/26 at 12:57 pm
Posted on 6/1/26 at 12:57 pm
The arse of homeowners that is
Mortgage Delinquencies Climb in Multiple States as Homeowners Struggle to Keep Up
BTW, based on what I see in my business, Lake Charles is the only city really bucking the trend. I am sure that is mostly due to the LNG boom here.
Mississippi is in double digits delinquency but actually had a drop in the rate from 2025 to 2026. A nearly 4.27% change and still being in double digit delinquency is nuts
quote:
Among the states where mortgage loan delinquency is rising the fastest, Louisiana comes in third. Delinquent mortgages increased by more than 4% in Louisiana between Q4 2025 and Q1 2026, the third-largest increase nationwide. In comparison to other states, Louisiana has the second-highest delinquency rate (14.3%), showing that homeowners are experiencing increasing financial difficulty.
Interestingly, Louisiana leads the nation in the percentage of persons with credit accounts in distress—that is, those who have been permitted to postpone payments because of financial difficulties—in addition to experiencing a significant rise in mortgage delinquency recently. This demonstrates that locals are struggling to pay off a variety of debts.
Mortgage Delinquencies Climb in Multiple States as Homeowners Struggle to Keep Up
BTW, based on what I see in my business, Lake Charles is the only city really bucking the trend. I am sure that is mostly due to the LNG boom here.
Mississippi is in double digits delinquency but actually had a drop in the rate from 2025 to 2026. A nearly 4.27% change and still being in double digit delinquency is nuts
9
Posted on 6/1/26 at 1:00 pm to stout
Cause the midget governor is more worried about LSU sports than actually fixing the state.
Posted on 6/1/26 at 1:04 pm to stout
Property taxes and insurance is a giant pill to swallow every month.
Posted on 6/1/26 at 1:07 pm to stout
Big 3.
Posted on 6/1/26 at 1:08 pm to Purple Spoon
My insurance has been a roller coaster the past 3 years. I am sure it's the same for everyone. Thankfully I live below my means and also got a hell of a deal on my home so I can absorb the changes but a lot of people can't afford a 20% rate jump and escrow payment increase
Posted on 6/1/26 at 1:13 pm to stout
Can you text me? I have a mortgage question
Posted on 6/1/26 at 1:13 pm to Broke
Sure but I am not a mortgage guy
Posted on 6/1/26 at 1:14 pm to BigPerm30
quote:
Cause the midget governor is more worried about LSU sports than actually fixing the state.
I hear that Greenland's mortgage default rate has gone down under Jeff Landry's leadership.
Posted on 6/1/26 at 1:19 pm to TBoy
quote:
I hear that Greenland's mortgage default rate has gone down under Jeff Landry's leadership.
Posted on 6/1/26 at 1:40 pm to stout
Got to keep all those lawyers who specialize in bankruptcy employed.
Posted on 6/1/26 at 1:43 pm to Purple Spoon
quote:
Property taxes and insurance is a giant pill to swallow every month.
The insurance deal has a weird adjustment. I have to have 'hurricane insurance' for my homeowner's policy. I explained to the agent that it's impossible for a hurricane to hit the northern border of La. By the time it reaches us it's called: 'Light rain and 20 mph wind.' She explained why it's a 'state' thing and I didn't understand any of it.
Posted on 6/1/26 at 2:05 pm to Zach
The same reason we all pay the added “hurricane” costs on our Entergy bill regardless of where you live.
Posted on 6/1/26 at 2:18 pm to stout
Paid my mortgage off in 2009. 
Posted on 6/1/26 at 2:21 pm to TBoy
funny how you leave out the ones not paying their mortgages are democrats
Posted on 6/1/26 at 2:24 pm to tigersmanager
quote:
funny how you leave out the ones not paying their mortgages are democrats
As someone who manages foreclosures for a living, this isn't the least bit accurate
Posted on 6/1/26 at 2:24 pm to Purple Spoon
property tax in Louisiana is among the lowest in the country
Posted on 6/1/26 at 2:24 pm to stout
Who wants to live in lake charles though. Place fricking sucks
Posted on 6/1/26 at 2:28 pm to TigerintheNO
quote:
property tax in Louisiana is among the lowest in the country
Sure but what happens is people max out their mortgage payments and think the payment they are quoted when buying will stay the same forever. Then their taxes go up $500 for the year. Now their escrow goes up $84 per month because escrow needs $1000 to cover what it was short this year and to cover the increase for the next year
Even that small of an increase can screw a lot of people because the payments were already a stretch for them since they bought the max monthly note they could afford.
Posted on 6/1/26 at 2:30 pm to BigPerm30
Be careful. .imagine that flagship - to include sports - is a pretty stout 'industry' for the State of Louisiana
Posted on 6/1/26 at 2:30 pm to Burt Reynolds
quote:
Who wants to live in lake charles though. Place fricking sucks
Not enough figs for a fig like you?
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News