New Jersey’s FHA mortgage delinquency rate is nation’s worst at 20%

TRENTON, N.J. – Governor Phil Murphy’s lockdown is taking its toll on the Middle Class.

The Garden State’s FHA delinquency rate of 20% is now America’s worst. What’s more, its late payment rate – a key indicator of the nation’s economic health – hit 11% as of the end of June 2020 representing an alarming increase from from 4.7%.

Click here to read the full story over at Bloomberg.com.

Matt Rooney
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MATT ROONEY is SaveJersey.com's founder and editor-in-chief, a practicing New Jersey attorney, and the host of 'The Matt Rooney Show' on 1210 WPHT every Sunday evening from 7-10PM EST.