Mortgage loan delinquencies rise but at lower rate, MA does well
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.
