Industry NewsMarkets & Economy

Foreclosure starts level out

Delinquency, foreclosure rates at record highs
Published on Aug 25, 2009

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by CareyBot

A record 13.16 percent of mortgage loans on one- to four-unit homes were delinquent or in the foreclosure process at the end of June, the Mortgage Bankers Association reports.

In Florida, 22.8 percent of mortgages were at least one payment behind or in the foreclosure process, followed by Nevada (21.3 percent), Arizona (16.3 percent) and Michigan (15.8 percent).

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