Vermont registered the highest increase in mortgage delinquencies in the first quarter of this year, according to WalletHub.
Vermont had more people failing to pay their mortgages in the three months to start the year of any state in the country, according to an analysis by WalletHub.The state saw 24 percent more mortgage delinquencies in the first quarter of the year compared to the same time a year ago. Meanwhile, the share of average number of mortgages that were delinquent in the state was more than 7 percent, WalletHub pointed out.
'ViewsIndividual states had different reasons for mortgage delinquencies increasing.'In addition to having a big increase in mortgage delinquency recently, Vermont also ranks high when it comes to the share of people with credit accounts in distress, meaning they have been allowed to delay payments due to financial difficulty,' WalletHub said. 'This shows that residents are having trouble paying all different types of debt.
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