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News Link • Housing

We're #3, We're #3: Arizona mortgage delinquencies ranked 3rd at 18.6 percent

03-03-2010 • CalculatedRiskBlog.com

There definitely is a relationship between delinquency rates and the unemployment rate, although some states stand out (like Florida), because of state specific foreclosure laws. Arizona and Nevada also have higher than expected foreclosure rates - possibly because of high investor activity during the housing bubble.

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Reported By Jack Gregson

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