CHICAGO – Another sign the economy may be recovering: The national mortgage delinquency rate dropped for the second consecutive quarter, according to data released by TransUnion.
The rate of borrowers 60 or more days past due dropped to 5.49% in Q2 2012. The mortgage delinquency rate has now dropped nearly 9% in the first six months of this year.
The results have been spread fairly evenly across the U.S., with all but five states seeing their mortgage delinquency rates fall. The top four states for delinquencies are Florida (13.87%), Nevada (11.16%), New Jersey (8.31%), and Maryland (7.11%).