LV mort­gage delin­quency rate de­creased in Au­gust

Las Vegas Review-Journal - - BUSINESS -

Las Ve­gas’ mort­gage delin­quency rate is just barely lower than the na­tional av­er­age, but its share of ex­tremely late bor­row­ers is higher, a new re­port shows.

Some 4.5 per­cent of bor­row­ers in the Las Ve­gas area were at least 30 days late on their mort­gage pay­ments in Au­gust, down from 5.5 per­cent a year ear­lier, ac­cord­ing to Corelogic.

Na­tion­ally, 4.6 per­cent of mort­gages were at least a month late in Au­gust, down from 5.2 per­cent a year ear­lier.

In South­ern Ne­vada, 2.4 per­cent of bor­row­ers were in “se­ri­ous delin­quency” in Au­gust, or at least 90 days late on their pay­ments, Corelogic re­ported. That’s down from 3.3 per­cent a year ear­lier.

Na­tion­ally, 1.9 per­cent of bor­row­ers were in se­ri­ous delin­quency, down from 2.4 per­cent.

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