Just when some were saying that the mortgage finance crisis was showing signs of slowing down, mortgage loan delinquencies have apparently climbed for the 12th straight quarter in a row. This according to the credit reporting agency TransUnion.
The fourth quarter of 2009 has reportedly increased 10.24-percent from 6.25; the previous quarter's average. Mortgage delinquencies are of course considered to be a sign of prospective foreclosures. Mortgage delinquencies were highest in Nevada and Florida.
For more on this story: http://ecreditdaily.com/2010/02/transunion-mortgage-delinquencies-high-4q/