5.3 percent of home loans in Connecticut in foreclosure or seriously delinquent

May 29, 2009
As the recession deepened in the first three months of this year, foreclosures and seriously delinquent home loans in Connecticut jumped above the rate of one mortgage of every 20 for the first time in at least 30 years.
     The state had 28,285 residential mortgages either in foreclosure or 90 days past due, or 5.3 percent of all home loans, as of March 31, a report released Thursday by the Mortgage Bankers Association showed.
     That's nearly double the rate the state had last summer, and it doesn't include foreclosures that were previously completed. The figure is lower than the 7.3 percent for the nation — which has also risen dramatically — but it leaves Connecticut in the middle among all states because the national average is pulled up by a few large, troubled states.