May 16, 2011
Survey: Mortgage delinquencies up
By The Mainebiz News Staff
Maine mortgage delinquencies increased in the first quarter of 2011, according to a national survey from credit information firm TransUnion.
Maine was one of six states where mortgage delinquency rates rose from the previous quarter, according to a press release. The rate of mortgages 60 or more days past due in Maine for the first quarter was 5.04%, an increase of 8.2% over the fourth quarter of 2010. Nationally, the 60-day mortgage loan delinquency rate was 6.19%, a 0.5% decrease from the fourth quarter of 2010. Information for this analysis is culled from TransUnion's Trend Data and the anonymous credit files of approximately 10% of credit-active U.S. consumers.
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