13.16% of Mortgages Delinquent: MBA
By DIANA GOLOBAY
Single-family mortgages set a new record delinquency rate of 13.16% in Q209, according to the quarterly survey by the Mortgage Bankers Association. The delinquency rate includes mortgages at least one payment past due or in foreclosure.
The results were lead by Florida with 12% of mortgages somewhere in foreclosure, another 5% at least 90 days past due and a total 22.8% at least one payment delinquent or in foreclosure at the end of June. Nevada followed Florida with 21.3% at least one payment past due or in foreclosure.
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Smith Farm, Lake Worth Florida...Foreclosure tracker
As of 4/1/10 the are 94 Smith Farm homes in some stage of foreclosure.
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