Delinquency rates throughout the United States continued to increase during the third quarter of 2009. The good news is that, for the third consecutive quarter that increase has slowed.
This information is contained in a report released today by TransUnion.com analyzing trends in the mortgage industry and the impact of those trends on the consumer.
In Nevada, the rate reached 14.5 percent, up from 7.7 percent a year ago while, in Florida, the rate was 13.3 percent, up from 7.8 percent last year.
But, Massachusetts’ homeowners are faring much-better than the nation as a whole. Percentage of delinquent homeowners (60-days’ past due) is at 4.74 percent, up from 4.53 percent, last year.
Nationally, 6.25 percent of homeowners are estimated to be at least 60-days’ past due on their home loans.
Related posts:
- Lower mortgage loan interest rates in today’s real estate market
- Mortgage Bankers Association (MBA) walking away from its mortgage loan?
- New FHA mortgage loan requirements revised, less stringent
- Will there be big changes in US mortgage loan interest tax deductions?
- Private mortgage insurance comes back in fashion as alternative to FHA loans
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