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November 17, 2009

Percentage of Delinquent Mortgages Reach New High
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In other economic news, the housing crisis appears to be worsening. The
overall delinquency rate for home mortgages has reached a new high. Over
six percent of all mortgage loans were sixty or more days past due
during the third quarter. In Nevada, the delinquency rate reached 14.5
percent. In California, the rate has topped ten percent.



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