Survey: Fla. home loan delinquency highest in nation

Nearly 23 percent of residential loans in Florida were delinquent or in foreclosure in the second quarter, according to a survey by the Mortgage Bankers Association. Florida has the highest rate in the nation, followed by Nevada, Arizona and Michigan. “Florida continues to establish itself as the worst state in the union for mortgage performance, closely followed only by Nevada,” MBA chief economist Jay Brinkmann said in a media release. At the end of the second quarter, nearly 12 percent of Florida residential loans were in the process of foreclosure, up from 10.6 percent in the previous quarter. An additional 10.8 percent were delinquent by at least 30 days, up slightly from 10.7 percent in the first quarter.

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