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South Florida

Percentage of problem mortgages drops nationally

Florida had a foreclosure inventory percentage of 4.1 percent.
Florida had a foreclosure inventory percentage of 4.1 percent.

Florida has the second highest percentage of foreclosures and mortgage delinquencies in the country, despite a significant drop nationally from a year ago.

New Jersey leads with both and New York follows Florida, which had a foreclosure inventory percentage of 4.1 percent and a projected highest delinquency rate of 5.27, the New York Times reported.

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The foreclosure inventory made up 1.6 percent of all mortgaged homes nationally. The national delinquency rate has fallen steadily since its peak in 2010 at nearly 7 percent, according to the Times.

About 17 percent of all homeowners are still upside down on their mortgages, according Zillow’s third-quarter negative equity report — down from 21 percent in the third quarter of 2013, and 31 percent in 2012. [New York Times] — Katherine Kallergis