Florida mortgage delinquencies hit 25%

As of the end of September, one-quarter of the mortgages in Florida were at least one payment past due or in foreclosure, according to statistics from the Mortgage Bankers Association.

Florida has the second-highest rate of mortgage delinquencies in the nation.

Out of the 3.4 million loans serviced in Florida in the third quarter, 12 percent were past due, an increase of 138 basis points. Of them, 4 percent were thirty days past due, 2 percent were 60 days or more past due and 6 percent were 90 days or more late.