This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Late-payment Rate On Mortgages Declined In 3Q

Meanwhile, there are some signals that the job market is improving. Employers added 171,000 jobs in October and hiring in August and September was much stronger than first estimated. The economy has gained an average of 173,000 jobs a month since July. That's up from 67,000 a month in April through June.

Still, unemployment remains stubbornly high at just under 8 percent.

At the state level, Florida led the nation in the third quarter with the highest mortgage delinquency rate of any state at 13.09 percent. It was followed by Nevada at 10.93 percent; New Jersey at 8.33 percent; and, Maryland at 6.86 percent.

The states with the lowest delinquency rate were North Dakota at 1.44 percent; South Dakota at 2.21 percent; Nebraska at 2.25 percent; and, Alaska at 2.48 percent.

TransUnion anticipates the national mortgage delinquency rate will decline slightly in the fourth quarter to about 5.35 percent, even though some cash-strapped homeowners typically elect to put off making some of their debt payments so they can spend on holiday shopping.

The company's research is culled from TransUnion's database of 27 million anonymous consumer records.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,226.98 +168.63 1.05%
S&P 500 1,934.49 +20.64 1.08%
NASDAQ 4,706.7760 +70.6710 1.52%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs