The Morning Report
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More borrowers are getting behind on their mortgage payments in San Diego County.
More than 8 percent of the county’s mortgages were at least 90 days past due in September, according to new numbers released today by First American CoreLogic, a California-based housing and finance information firm.
That delinquency rate rose sharply from the same month last year, when just 5.1 percent of county mortgages were at least 90 days delinquent.
The percentage includes all loans for which borrowers are at least 90 days behind on payments, including homes that are already in foreclosure and homes that banks have already repossessed.
California’s delinquency rate reached 9.6 percent, up from 6.1 percent in September 2008.
I looked at delinquencies broken down by loan type for this story.