A recent milestone was reach for 2009 and that milestone was one million foreclosures starts to date for 2009. This information is according to the Center for Responsible Lending. They also project that the number could increase to 2.4 million by the end of the year. The Center for Responsible Lending is a non profit policy group.

The Mortgage Bankers Association reports that 9.12% of all mortgage loans at the end of the first quarter were delinquent. This represents a shift away from the subprime loans to prime fixed rate loans. The moratorium on foreclosures over the winter slowed the process down but the unemployment numbers have been increasing causing additional missed payments on mortgages.

On the other hand, four states including California, Florida, Nevada and Arizona account for about 46 percent of foreclosure starts which is driving up the national number. These states represent half of the prime fixed rate foreclosure starts.

Did you know that approximately 10.6 percent of mortgages in Florida are in the process of foreclosure. Nevada is second highest at 7.8%, Arizona is third at 5.6% and California at 5.2%?