I read the trans union report on mortgage delinquencies and ran across a shocking number in it (actually there were a lot of them).
What percentage of mortgages in Riverside county are at least 60 days behind on their payments? a) 6.2% b) 8.6% c) 12.8% d) 18.5%
Answer d, 18.5% Nearly 1 in 5 homes are at least 60 days late. WOW!!
Riverside’s 18.5% delinquency rate was 6 percentage points higher than the 12.5% recorded in the fourth quarter of 2009. In San Bernardino, the rate increased from 11.2% to 17.2% year over year, TransUnion said. California as a whole went from 6.9% to 11% year over year; Los Angeles County jumped from 6.8% to 11.4%; and Orange County rose from 5.3% to 8.9%.