NYC's delinquency rates rise
June 11, 2008 07:14AMThe 60-day mortgage delinquency rate rose in all five boroughs in the first quarter, almost doubling to 2.7 percent compared with last year, according to TransUnion.com. Queens had the largest increase of 92 percent. Brooklyn, the Bronx and Queens had delinquency rates higher than the national average of 3.2 percent. New York state had the 28th highest delinquency rate in the country. TransUnion.com expects the national delinquency rate to reach 4 percent before the year ends. [Crain's]
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