Florida leads U.S. in serious mortgage delinquencies

WASHINGTON – Nov. 19, 2010 – Florida still leads the nation in the
percentage of homeowners who are “seriously delinquent” on their loans,
the Mortgage Bankers Association said Thursday.

In the state, 19.52 percent of borrowers were either 90 days past due or
in foreclosure in the third quarter. Add in borrowers who are 30 and 60
days late, and nearly one in four Floridians are behind on their loans.

The good news is that Florida’s seriously delinquent rate is down from
20.13 percent in the second quarter. But no other state met Florida’s
lofty level of late payers. Nevada was No. 2 at 17.83 percent, while
Illinois’ 10.77 percent ranked third. READ THE REST HERE

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Comment by Jim Schneider on November 20, 2010 at 8:27pm
Don't feel bad, Illinois leads the country in Governors that turn out to be fellons! :)
Comment by Wendy Rulnick on November 20, 2010 at 4:59am
Bryant - It is unbelievable. Everyone in Florida knows someone or IS delinquent. Period.

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