8.3% foreclosure/delinquency rate in Oregon

Ryan Frank at the Oregonian blogs, "1 in 12 Oregon mortgages delinquent: Oregon's rate of troubled mortgages hit their highest point since record keeping began in 1979, according to the Mortgage Bankers Association's second quarter report. (The report came out while I was away but this is the first time I've had a chance to dig through it.) About 8.5 percent of Oregon's 633,000 mortgage holders were at least 30 days late in the second quarter. The state's previous high was 7.7 percent in 1985. As bad as Oregon is, it still beat the national averages. Oregon had the 43rd highest rate in total delinquent mortgages."

Good information! Remember that the total 8.3 adds 5.87% delinquencies plus 2.59% foreclosures.