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Florida had the highest foreclosure and mortgage delinquency rate in the nation during the third quarter of 2009, as 18.8 percent of all loans were either 90 days overdue or in foreclosure, the Mortgage Bankers Association reported Thursday.
The National Delinquency Survey found 12.18 percent of all mortgages in Florida were past due and 6.07 percent were at least three months delinquent. In addition, 12.74 percent of Florida mortgages were in foreclosure, the report found.
Nationally, 8.85 percent of all mortgages were either 90 days overdue or in foreclosure.
