WASHINGTON, DC-New data compiled by housing advocacy groups showthat residential delinquencies, while varied across the nation’smetro areas, are still not noticeably abating. The report, draftedby Foreclosure-Response.org--a group formed by Local InitiativesSupport Corp., the Urban Institute and the Center for HousingPolicy--found that Florida’s cities have some of the highestserious delinquency rates in the country and rates are still risingrapidly.

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Indeed, nine out of the top 10 and 15 out of the top 25 metroareas with the highest serious delinquency rates in June 2010 werein Florida. Of the 25 metro areas with the biggest growth inserious delinquency rates from June 2009 to June 2010, 11 were inFlorida. In the Miami metro area--the region with the highestserious delinquency rate--25.6% of mortgages were seriouslydelinquent in June 2010, up 4.3 percentage points from June2009.

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The situation is not so dire in other areas, notes Maya Brennan,a senior research associate at the Center for Housing Policy. “Weare seeing some signs of hope in parts of California, wheredelinquency rates are still quite high but haven’t increased thatmuch,” she tells GlobeSt.com.

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The new data are an update of an earlierdataset released in September 2010, but both reportsshow how dramatically the delinquency rates can fluctuate. Theserious delinquency rate is high and rising in the Las Vegas metroarea, at the second highest serious delinquency rate in June 2010(24.2%) and the largest increase from the prior year (4.4percentage points).

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The Las Vegas metro area also had the largest 90-plus daydelinquency rate of all 366 US metropolitan areas. This suggeststhat the problem is worsening in Las Vegas and that foreclosuresare likely to continue to rise.

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By contrast, the Bismarck, ND metro area had the lowest share ofseriously delinquent mortgages in June 2010 (1.8% ) and the Austin,TX metro area had the lowest share among the nation’s 100 largestmetro areas (4.3%).

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Seven of the 25 metro areas with the highest serious delinquencyrates in June 2010 were in California, but as Brennan notes, thereare signs that it is stabilizing. The overall rate of seriousdelinquency for the California metro areas grew only modestlybetween June 2009 and June 2010.

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