Wednesday, December 12, 2007

Mortgage bankers' report says Ohio 9th in nation in delinquencies

Ohio was the top state in percentage of loans in foreclosure, and ninth in delinquencies not yet in foreclosure in the third quarter. The percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period. The rate in Ohio for foreclosures was 1.17 percent. The rate of all loans in foreclosure was 3.72 percent.

To read this full article by The Associated Press, click HERE.

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