delinquencies on the rise / wsj

click on the headline to see the yoy change/details

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The mortgage delinquency rate climbed to 2.87% in the first-quarter, up from a recent low of 2.03% in the fourth quarter of 2005. The rate is at its highest level since at least 2000. The rise in delinquencies has been steepest in Modesto, Stockton and Merced, Calif., and the Port. St. Lucie-Fort Pierce metro areas in Florida. On an absolute basis, delinquencies are highest in Detroit-Livonia-Dearborn, Mich. and Brownville-Harlingen, Texas

thanks to barry ritholtz http://bigpicture.typepad.com/



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