How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
W S

Florida #2 in loan delinquencies

/ Print / Reprints /
| Share More
/ Text Size+
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%.

Recent Articles by Diana Golobay

Comments powered by Disqus