Ten-part series from Tour of Anchorage champion Holly Brooks.
Published: June 11th, 2008 01:39 PM
Last Modified: June 11th, 2008 06:09 PM
Although Alaska's mortgage delinquency rate is one of the nation's lowest, it is rising faster than any other state's, according to an analysis by TransUnion, a credit-management firm.
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The Mortgage Bankers Association reported this month that Alaska had the seventh-lowest mortgage-delinquency rate in the country, with 3.4 percent of an estimated 92,000 loans at least 30 days past due in this year's first three months. The national average was 6.4 percent.
TransUnion, analyzing its database of consumer records, said this week that Alaska showed the greatest growth in mortgage payments that are at least two months late, with a 28 percent growth from previous quarters. California's 25 percent growth and Nevada's 24 percent came next, TransUnion said.
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