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Florida #2 in loan delinquencies

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Floridians have the second highest percentage of mortgage loan and credit card delinquencies and the eighth most auto loan delinquencies in the nation, according to a report by the credit and information management company TransUnion. In the fourth quarter the 60-day mortgage loan delinquency rate in Florida was 14.93%, just slightly lower than the 16.19% in Nevada. Arizona ranked third with 11.33%. The national average was 6.89%. More than half of the nation’s states had a mortgage delinquency rate of 4.99% or higher. Similarly, the fourth quarter 90-day Bankcard delinquency rate in Florida was 1.75% compared with Nevada’s 2%. Arizona again ranked third with 1.52%. The national average was 1.21%, but Nevada, Florida and Arizona were the only three states with a delinquency rate of 1.5% or greater. Florida’s 1.01% 60-day auto loan delinquency rate was the eighth highest in the nation and part of a three way tie with New Mexico and Texas. Mississippi has the highest auto loan delinquency rate at 1.45%, followed by Alabama at 1.39% and Louisiana at 1.37%. The national average for auto loan delinquencies was 0.81%.

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