The number of Dallas-area homeowners with late mortgage payments hit a record again in April.
The 6.3 percent of home mortgage holders who were three months or more behind in their payments in April was up two percentage points from a year earlier, according to researchers at CoreLogic Inc.
That’s higher than the Texas 90-day loan delinquency rate of 5.9 percent but remains well below the 8.9 percent nationwide level, according to the California analytics firm.
In addition, 1.56 percent of Dallas area home loans were in foreclosure during April – about half the national rate. Homes where the payments are 90 days or more late are considered most likely to go into foreclosure.
For the first half of 2010, almost 32,000 residential foreclosure filings have been recorded in the four-county Dallas-Fort Worth area, 10 percent more than in the same period of last year.
Written by Steve Brown, www.dallasnews.com
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