The Real Deal Miami

Florida’s mortgage delinquency rate led nation in second quarter: report

August 08, 2012 04:30PM

Approximately 13.48 percent of Florida’s mortgages were delinquent in the second quarter of 2012, according to a new report from TransUnion. Nevada posted the second-highest rate, at 10.85 percent. That compared to a national rate of 5.49 percent, which represented a 5 percent decrease compared to the same period in 2011. “While it is a positive sign to see mortgage delinquency rates decrease, meaning more and more homeowners were able to make their mortgage payments, the rate of decline is still not at a pace that will push levels significantly closer to pre-recession,” said Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit. — Alexander Britell