Mortgage Delinquencies in NYC to Rise

The percentage of borrowers in New York City seriously delinquent on their mortgages will nearly double by the end of next year, according to an estimate released today by TransUnion. By the end of 2009, 6.2% of mortgage holders in the city will be at least 60 days behind in their payments, TransUnion reported, by far the highest rate since the company began collecting data in 1992.
— Crain's via NYO

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