Nationwide mortgage delinquency
slipped in February
Source:
Informa Research Services
(03/25/2011) The
number of consumers across the country who had trouble paying their monthly
mortgage bills in February fell slightly.
In
all, 8.8% of all home loans in the U.S. were 30 days or more past due but not
yet in foreclosure at the end of February, according to the latest monthly
statistics from Lender Processing Services. This marked a decline of 1.2% from
January, and an 18.4% drop from February 2010. However, the number of
foreclosures across the country ticked up 4.15% between January and February.
Consumers who want to avoid
foreclosure and reduce their monthly mortgage bill may want to consider the
benefits of seeking a refinance. By checking the latest online rate tables to
find the best local mortgage rates, they can likely trim hundreds of dollars a
month off their home
loan payments and make it easier to meet those obligations.
There
were nearly 4.66 million properties across the country that were more than 30
days past due, the report said. The states with the most instances of this
problem were Florida, Nevada, Mississippi, New Jersey and Georgia.
