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Trans Unions, a financial institution gave us their quarterly analysis of new trends that are developing in the mortgage industry. The information that they collected determined that for the twelfth straight quarter, mortgage loan delinquency increased and spiked at 6.89 percent, which is an all time national average high. This is the only period in American history where delinquency rates skyrocketed and did not decelerate after three consecutive time span.

Report Reveals That Mortgage Delinquencies Have Risen Recently

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According to the RealtyTrac Year-End 2009 Foreclosure Market Report, 3,957,643 foreclosure filings were reported on 2,824,674 U.S. properties in 2009. Included are scheduled foreclosure auctions, default notices and bank repossessions.

Bleak News About Foreclosure Rates Revealed By Recent Report

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