<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4Fq0jY_0wFPSCnN00" alt="https://img.particlenews.com/image.php?url=4Fq0jY_0wFPSCnN00" width="600" height="439" >BALTIMORE, MD—With the rate of mortgage delinquency ranging from around 3% to 23% depending on the city, the personal-finance website WalletHub has released its new report on the Cities With the Highest Mortgage Delinquency Rates, to highlight where people are at the biggest risk of credit score damage and foreclosure.Baltimore came in at No. 8 on the list. WalletHub ranked 100 cities by analyzing proprietary user data from Q1 2024 to Q2 2024.Most Delinquent Least Delinquent1. Laredo, TX 91. Gilbert, AZ2. Detroit, MI 92. Portland, OR3. Baton Rouge, LA 93. San Diego, CA4. Philadelphia, PA 94. Fremont, CA5. Newark, NJ 95. Scottsdale, AZ6. Corpus Christi, TX 96. San Jose, CA7. El Paso, TX 97. San Francisco, CA8. Baltimore, MD 98. Seattle, WA9. Lubbock, TX 99. Honolulu, HI10. Memphis, TN 100. Madison, WI“The rate of mortgage delinquency varies significantly from city to city, ranging from around 3% to over 23%,”said WalletHub analyst Chip Lupo. “The good news is that even though people in some cities are having much more difficulty paying their mortgages than others, the problem as a whole isn’t getting worse this year. In fact, the mortgage delinquency rate actually decreased in all but one of the 100 cities in our study between Q1 2024 and Q2 2024.”“Laredo, TX, is the city where people are most delinquent on their mortgages, with more than 23% of mortgages in delinquent status as of Q2 2024,” Lupo added. “This is significantly higher than the delinquency rate in other major cities, with no other city in our study surpassing 17%. The one piece of good news is that Laredo residents’ delinquency rate is declining; even though it’s still the highest in the nation, it experienced a nearly 10% decrease between Q1 2024 and Q2 2024.”The full report can be viewed online here at WalletHub.Additional information is available in the video below.<div style="position:relative;width:100%; height:0; padding-bottom: 56.25%;"><iframe src="https://www.youtube.com/embed/7KEFNAD3C-g?feature=oembed" allowfullscreen frameborder="0" style="width:100%; height:100%;top:0; left:0; position:absolute"></iframe></div>Photo via Pixabay</div></body>

Mountain View, CA

NewsBreak

Baltimore among cities with highest mortgage delinquency rates, WalletHub study

BALTIMORE, MD—With the rate of mortgage delinquency ranging from around 3% to 23% depending on the city, the personal-finance website WalletHub has released its new report on the Cities With the Highest Mortgage Delinquency Rates, to highlight where people are at the biggest risk of credit score damage and foreclosure.