Colorado Fares Better Than Most In Mortgage Delinquencies
Posted by TheHomeCart.com on Wednesday, March 11th, 2009 at 9:13pm.Although more Coloradans fell behind on their mortgages in the fourth quarter of 2008, the state fared better than most, according to the Mortgage Bankers Association.
Colorado’s delinquency rate ranked 42nd nationwide in the fourth quarter, with first being the highest rate and 50th the lowest. California, Florida, Nevada, Arizona and Michigan continue to dominate the delinquency numbers.
In 2008, foreclosure activity fell in Colorado for the first time since the state began keeping records in 2003, according to the Colorado Division of Housing. In January, the state ranked 25th nationwide in foreclosures started.
The Denver Business Journal also reported…
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