Mortgage - Free Calculators

Delinquency Rates Climb Mainly In Four States

Nationally the situation is not as dire as these figures would indicate. The figures are being driven by what is happening in a few large states and by adjustable rate mortgages, both prime and subprime.

"What continues to drive the national numbers, however, is what is happening in the states of California, Florida, Nevada and Arizona. Were it not for the increases in foreclosure starts in those four states, we would have seen a nationwide drop in the rate of foreclosure filings...