Pastdue
Even though foreclosure inventory is down in September, a recent mortgage report reveals a surge in delinquency rates.
The numbers show delinquency rates in September at 7.72%, up from 7.4% in August, but still down 4.19% from last year. Meanwhile, foreclosure inventory is down 4.05% from the previous month, and 7.37% from last year. Florida, Mississippi, New Jersey, Nevada and Louisiana have the highest percentage of past due loans.