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More Homeowners Missing Mortgage Payments

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  • Description

    FBN's Liz MacDonald on the sudden rise in mortgage delinquencies.

  • Duration 1:40
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Like things were getting better we find out more homeowners are missing their mortgage payments.

Liz MacDonald is -- this and she's got the latest on the story of the surprising.

Yet this surprising a sudden rise in mortgage delinquencies -- -- Lori this happen.

After six straight quarters of of stabilization in the mortgage market the delinquency is when you don't make your mortgage payment after two months.

So -- White House is hoping for stabilization in the mortgage markets that will also help the US banks in the US economy.

Not happening right now forty states saw a spike higher in mortgage delinquencies two thirds of metropolitan areas also saw a spike higher.

We have a ranking for -- guys so which state saw a sudden rise in mortgage delinquencies.

I guess -- Florida topping the list of about fourteen percentage increase the -- coming in second place.

Well it's really interesting here is New Jersey New Jersey came in at third nearly 8% rise there.

How does that Arizona bringing up the the fourth that would have ranking here.

So again and really surprising -- sudden spike higher and mortgage delinquencies what's also really interesting is what transient in the credit reporting agency.

Is say as a reasons why there was a spike higher they're citing lack -- consumer confidence did you watch this.

The consumer it and basically saying look we don't like it that the US credit rating -- was downgraded by S and pre.

Us and pay also stock price declines -- also gonna see European debt concerns.

And fourth that unless you basically gonna see another big worries stubbornly high unemployment so those are some of the reasons that we.

Top four reasons why mortgage intra mortgage delinquencies are on the rise back to -- hide things he -- -- -- your -- I just --

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