Mortgage Delinquencies

Wall Street Journal 19jul2007

Mortgage delinquencies continued to climb in the second quarter, new data show. The map below shows the delinquency rates for 200 major metropolitan areas, as tracked by Equifax/Moody's Economy.com.

The map below shows how delinquency rates have increased in those metro areas as the housing market has slowed. The pickup in delinquencies has been particularly notable in parts of Florida and California. Nationwide, delinquency rates climbed to 3.15% in the second quarter, compared with 2.87% in the first quarter.

. . .And Where They've Increased the Most

Rise in delinquency rate from the fourth quarter of 2005 through the second quarter of 2007, in percentage points.

                                           2007 2Q   Chg from
					delinquency  2005 4Q, 
Metro areas, ranked by delinquency rate    rate      in pct.pts.
Merced. Calif.                             8.08%      6.06
McAllen-Edinburg-Mission, Texas            6.78       0.83
Stockton, Calif.                           6.30       4.53
Detroit-Livonia-Dearborn, Mich.            6.21       1.10
Flint, Mich.                               5.63       1.49
Memphis, Tenn.-Mo.-Ariz.                   5.51       1.26
Brownsville-Harlingen, Texas               5.44      -1.60
Miami-Miami Beach-Kendall, Fla.            5.42       3.38
Corpus Christi, Texas                      5.37       0.97
Riverside-San Bernardino-Ontario, Calif.   5.21       3.16
Ft Lauderdale-Pompano Beach, Fla.          5.13       3.23
Modesto, Calif.                            5.09       3.35

                                          2007 2Q   Chg from
Metro areas, ranked by			delinquency  2005 4Q, 
change in delinquency rate     		   rate      in pct. pts.

Merced, Calif.                             8.08%      6.06
Stockton, Calif.                           6.30       4.53
Cape Coral-Fort Myers, Fla.                5.06       3.49
Miami-Miami Beach-Kendall, Fla.            5.42       3.38
Modesto, Calif.                            5.09       3.35
Fort Lauderdale-Pompano Beach, Ha.         5.13       3.23
Riverside-San Bernardino-Ontario, Calif.   5.21       3.16
Naples-Marco Island, Fla.                  3.89       3.11
Port St. Lucie-Fort Pierce, Fla.           4.64       3.03
Las Vegas-Paradise, Nev.                   4.72       2.90
W. Palm Bch•Boca Raton-Boynton Bch, Fla.   4.30       2.59
Vallejo-Fairfield, Calif.                  3.83       2.45

Pat Minczeski/The Wall Street Journal

source: p.D3  19jul2007