Mortgage delinquencies are down across the U.S. — but up in South Florida. Here’s why.

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Real Estate in Miami, Florida. Photos. Mauricio Maldonado shared a link. mortgage delinquencies are down across the U.S. – but up in South Florida. Here’s why. January 10, 2018 at 11:10 PM

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Mortgage delinquencies are down across the U.S. – but up in South Florida.. South Florida's uptick in early-stage mortgage delinquencies, defined as. who fell behind on their mortgage payments will eventually catch up.

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The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of.

Mortgage delinquency rates decline nationally, but Florida shows. CoreLogic Loan "Performance Insights" study finds declining mortgage delinquency. Early- Stage Delinquencies drop 0.4 percentage points Year Over. U.S. employers have also continued to employ more individuals, 490 1st Ave S

South Florida mortgage delinquency rates remain far higher than the national average. In addition, South Florida mortgages in serious delinquency – 90 days or more past due – totaled 5.1 percent in November, compared with 3.8 percent a year prior.

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Mortgage Network Adds Branch In North Wildwood, N.J. – Danvers, Mass.-based Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., has opened a new branch office in North Wildwood, N.J. According to Mortgage Network, Real estate investor gets 7 years in $15M mortgage fraud scheme – They then caused the sales prices for the properties-located in Wildwood.

Delinquency Rates Are Down. While mortgage balances climb, delinquency rates have steadily decreased over the years. Since 2009, payments made between 30 and 59 days late have decreased 61%. There were declines across the board, with the exception of a small increase this past year for payments 30 days late.