step 3. Prime mortgage delinquency cost, of the area

Cards: The new delinquencies is having mortgages which might be 31, 60, and you will 90 days past-due. All delinquency rates try nonseasonally adjusted. Source: Mortgage Lenders Association. At the conclusion of 2006, new delinquency rate to have subprime mortgage loans try 21.1% during the Michigan and fourteen.2% across the nation. All the five 7th District states had large delinquency rates compared to federal mediocre, varying anywhere between 14.7% for the Wisconsin and 21.1% inside…

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