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One in 14 mortgages delinquent in Idaho

Idaho is doing better than the national average in keeping up with mortgages, but its delinquency rate has almost doubled from where it was last year.

According to new numbers from First American CoreLogic, a national real estate analysis firm, the 90-plus day delinquency rate jumped from 3.76 percent (one in 27 mortgages) to 7 percent (one in 14 mortgages) between February 2009 and February 2010.

Nationally, 8.78 percent of mortgages (one in 11) have not been paid for 90 days or more, up from 5.65 percent last year.

The Boise area is on par with the rest of the nation, marking an 8.77 percent delinquency rate in February, up from 4.9 percent last year.

The delinquency rate includes loans that are currently in foreclosure or bank-owned.


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