Housing Crisis not over: Nearly 10% of Texas home loans in arrears....it's 12.93% in Georgia!

HOME LOAN PROBLEMS GROW

Almost 10 percent of U.S. mortgage holders were behind in their payments at the end of the third quarter.
Highest home loan delinquencies
Mississippi	14.4%
Nevada	14.0%
Georgia	12.93%
Michigan	12.64%
Highest home foreclosure rates
Florida	12.74%
Nevada	9.44%
Arizona	6.17%
California	5.83%
third quarter. Also Online Foreclosures map: Select a location City by city 75001 75002 75006 75007 75009 75010 75013 75019 75022 75023 75024 75025 75028 75032 75034 75035 75038 75039 75040 75041 75042 75043 75044 75048 75050 75051 75052 75054 75056 75057 75060 75061 75062 75063 75065 75067 75068 75069 75070 75071 75074 75075 75077 75078 75080 75081 75082 75088 75089 75093 75094 75098 75104 75115 75116 75134 75137 75141 75146 75149 75150 75154 75159 75172 75173 75180 75181 75182 75189 75201 75202 75203 75204 75205 75206 75207 75208 75209 75210 75211 75212 75214 75215 75216 75217 75218 75219 75220 75223 75224 75225 75226 75227 75228 75229 75230 75231 75232 75233 75234 75235 75236 75237 75238 75240 75241 75243 75244 75246 75248 75249 75252 75253 75254 75261 75287 75407 75409 75424 75442 75454 76001 76002 76006 76008 76010 76011 76012 76013 76014 76015 76016 76017 76018 76020 76021 76022 76028 76034 76036 76039 76040 76051 76052 76053 76054 76060 76063 76065 76092 76102 76103 76104 76105 76106 76107 76108 76109 76110 76111 76112 76114 76115 76117 76118 76119 76120 76123 76126 76131 76132 76133 76134 76135 76137 76140 76148 76177 76179 76180 76201 76205 76207 76208 76209 76210 76226 76227 76247 76248 76249 76258 76259 76262 76266 76272 Mortgage tips and tools Map: Dallas-area pre-owned home sales and prices Link: Making Home Affordable Economy blog: Steve Brown's take on housing And about 2 percent of the state's mortgage holders were already in foreclosure at the end of September, the Mortgage Bankers Association reported Thursday. The number of Texans behind on home loan payments has risen by more than a percentage in the last year. But the state's loan delinquency rate is still slightly behind the national average for the quarter, which is at a record 9.94 percent. "Despite the recession ending in mid-summer, the decline in mortgage performance continues," Mortgage Bankers' economist Jay Brinkman said in the report. "Job losses continue to increase and drive up delinquencies and foreclosures." More than 5 percent of Texas home loans were more than 90 days late at the end of September – the group considered most likely to fall into foreclosure. But with signs that the national economy is bottoming, a Texas mortgage industry leader says that the worst may be over for the state's home loan market. "I do not expect to see higher delinquency numbers later this year," said Texas Mortgage Bankers Association Vice President Scott Norman. " While employment will continue to be a leading indicator for delinquent loans, the fact is, these numbers continue to show how much better the Texas market is faring vs. the rest of the country." The states with the highest total home delinquency rates in the third quarter were Mississippi, 14.4 percent; Nevada, 14 percent and Georgia, 12.93 percent. Florida had the highest foreclosure rate, with almost 13 percent of its home loans in foreclosure. Nevada was second with a 9.44 percent foreclosure rate. More than a quarter of Nevada's homes with mortgages are delinquent or in foreclosure, the Mortgage Bankers' survey found. In the Dallas-Fort Worth area, more than 61,000 homes were threatened with foreclosure this year – up 23 percent from 2008 to a new record.

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