Hurricane Katrina takes brunt of the blame for highest increase in a year, association says.

Late mortgage payments jump-Hurricane Katrina takes brunt of the blame for highest increase in a year, association says.: "Late mortgage payments jumped sharply in the third quarter as Hurricane Katrina wreaked havoc on Gulf Coast communities.
The percentage of mortgage payments that were 30 or more days past due for all loans surveyed climbed to 4.44 percent in the July-to-September quarter, the Mortgage Bankers Association reported Wednesday in its quarterly survey of mortgage conditions."
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