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Report: foreclosures increase in CT

Updated: Thursday, 20 Aug 2009, 3:51 PM EDT
Published : Thursday, 20 Aug 2009, 3:51 PM EDT

    Hartford (WTNH) - A new report says mortgage problems in Connecticut are the worst they've been in at least 30 years, with one of every 17 mortgages either in foreclosure or 90 days overdue at the end of June.

    According to The Hartford Courant, the report from the Mortgage Bankers Association says 6 percent of all home loans, nearly 32,000, were either in foreclosure or 90 days late as of June 30. That's a bit better than the national rate of 8 percent.

    About one of every 20 mortgages in Connecticut was in foreclosure or overdue in March.

    The state has lost more than 70,000 jobs since employment peaked in March 2008.
     

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