Mortgage Delinquency Rate Up for Second Time Since 2009

Mortgage Delinquency Rate Up for Second Time Since 2009

The national mortgage delinquency rate for borrowers who are 60 days or more past due on their mortgages increased for the second time since the end of 2009 in the fourth quarter of 2011, according to TransUnion on Tuesday.

Delinquencies edged upward by 6.01% at the end of last year’s fourth quarter, which comes after an increase in the third quarter by 5.88%. Between the third and fourth quarters, all but 13 states experienced increases in their delinquency rates. 64% of metropolitan areas saw increases in delinquency rates for both the third and fourth quarters, up from 21% in Q2.

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