The rate at which U.S. homeowners fell behind on their mortgage payments remained stubbornly elevated in the second quarter.
In the three months ended June 30, the number of mortgage holders 60 days or more behind on their payments was 6.67 percent, credit reporting agency TransUnion said Tuesday. That’s a big jump from 5.81 percent in the second quarter of last year, and well above the historical norm of 1.5 percent to 2 percent.
One positive sign is that the statistic reveals a slower rate of increase from the pace seen a year ago.
What’s more, it marks a marginal improvement from the rate of 6.77 percent recorded during the first three months of the year. It’s also below the 6.89 percent record reached in the fourth quarter of 2009
Driving up the national rate are the four states hardest hit by the foreclosure crisis: Nevada, Florida, Arizona and California. In each of these, the rate is above 10 percent, with Nevada leading at 15.86 percent, compared to 13.8 percent a year ago. In Florida, the delinquency rate rose to 15 percent, from 12.3 percent last year.
The rates in Georgia, New Jersey, Maryland and Illinois are also above the national average.