Mortgage Deliquency & Foreclosure Lies

The national press attention related to the national Foreclosure Problem has been highly misleading. For those within the industry, we have always known that the problems are more geographic specific than what was being led on. What newly released data shows is that 7 states have the highest concentration of new and increasing delinquency and foreclosure rates. They are: Ohio, Indiana, Michigan, Florida, California, Arizona and Nevada.

Here is a recent news program on this:

http://video.msn.com/v/us/msnbc.htm?g=828eba81-1eeb-4312-9d35-5b3ad4eaa73c&f=00&fg=copy

Even more interesting, is that 34 states reported a DECREASE in both delinquency and foreclosure rates.