While Others May Avoid Foreclosure, Nevada Delinquency Remains Highest

Mortgage loan delinquency rates fell during the first quarter, though Nevada's still remains the highest in the nation, according to a recent report from TransUnion.

Mortgage loan delinquency rates fell during the first quarter, though Nevada's still remains the highest in the nation, according to a recent report from TransUnion.

At 15.98 percent, Nevada topped all states in home loan delinquency rates, which means people in this state may have a harder time trying to avoid foreclosure.

Although Nevada remained in the top spot for delinquencies, the nation's rate declined during the first quarter. It dropped from 6.89 to 6.77 percent, which is a bit below the level seen in the fourth quarter of 2009. In compiling its statistics, TransUnion counts mortgages that are at least 60 days late on payment.

"The fall in mortgage delinquency is indeed good news for the consumer, the mortgage industry, and the current economic recovery," said F.J. Guarrera, a TransUnion vice president.

Along with leading the country in home loan delinquencies, a recent report from RealtyTrac showed Nevada has the highest foreclosure rate in the country. According to the company, one in every 33 housing units in the state received a foreclosure filing during the first quarter.