Report: Districts held by GOP faring better in mortgage meltdown

Congressional districts held by Democrats are taking a harder hit from the housing crisis than those represented by Republicans.

According to a new report from Deutsche Bank, districts held by Democrats have an average serious delinquency rate of 9.9 percent. Districts held by Republicans, in contrast, have an average serious delinquency rate of 8.7 percent, the report said.

Deutsche Bank analysts gathered data on serious delinquencies, which are considered to be borrowers who are at least 90 days late on their mortgage payments. The average congressional district has a serious delinquency rate of 9.4 percent — more than two-and-a-half times the rate seen on Election Day in 2008.

The report comes as the housing market continues to struggle. More than three years after the real estate bubble burst, foreclosures continue to mount, despite billions of dollars in federal aid.

The majority of public opinion polls have found that the economy is the No. 1 issue for voters heading into the midterm elections. The ongoing housing woes underscore the uneven path the economy is on as it begins to recover from the worst recession since the 1930s.

Republicans and Democrats represent a roughly equal number of seats that have either very high or very low mortgage delinquency rates. But Democrats represent more seats with elevated rates of delinquencies.

Below are the 50 seats with the highest and lowest delinquency rates, according to Deutsche Bank:


Seats with highest percent of loans seriously delinquent (90 days or longer):

1. Rep. Mario Diaz-Balart (R-Fla) - 33.6 percent
2. Rep. Kendrick Meek (D-Fla.) - 33.4
3. Rep. Ilean Ros-Lehtinen (R-Fla.) - 29.6
4. Rep. Lincoln Diaz-Balart (R-Fla.) - 28.6
5. Rep. Alcee Hastings (D-Fla.) - 27.8
6. Rep. Debbie Wasserman Schultz (D-Fla.) - 27.4
7. Rep. Shelley Berkley (D-Nev.) - 27.2
8. Rep. Dina Titus (D-Nev.) - 26
9. Rep. Ted Deutch (D-Fla.) - 25.1
10. Rep. Alan GraysonAlan Mark GraysonEighth Franken accuser comes forward as Dems call for resignation Pennsylania Dems file ethics complaint against Rep. Barletta The Hill's 12:30 Report MORE (D-Fla.) - 24.5
11. Rep. Ron Klein (D-Fla.) - 23.7
12. Rep. Bill Posey (R-Fla.) - 23.4
13. Rep. Dennis Cardoza (D-Calif.) - 23.4
14. Rep. Connie Mack (R-Fla.) - 23.1
15. Rep. Joe Baca (D-Calif.) - 23.1
16. Rep. Edward Pastor (D-Ariz.) - 22.6
17. Rep. Thomas Rooney (R-Fla.) - 22.4
18. Rep. Donald Payne (D-N.J.) - 21.1
19. Rep. Jerry Lewis (R-Calif.) - 21.1
20. Rep. Lucille Roybal-Allard (D-Calif.) - 20.8
21. Rep. Mary Bono Mack (R-Calif.) - 20.7
22. Rep. Vern Buchanan (R-Fla.) - 20.4
23. Rep. Bob Filner (D-Calif.) - 20.1
24. Rep. Suzanne Kosmas (D-Fla.) - 19.8
25. Rep. Kathy Castor (D-Fla.) - 19.7

Seats with lowest percent of seriously delinquent loans:

411. Rep. Chet Edwards (D-Texas) - 3.8
412. Rep. Ron Paul (R-Texas) - 3.7
413. Rep. Vic Snyder (D-Ark.) - 3.7
414. Rep. David Price (D-N.C.) - 3.7
415. Rep. Louis Gohmert (R-Texas) - 3.6
416. Rep. Samuel Johnson (R-Texas) - 3.5
417. Rep. Rick Boucher (D-Va.) - 3.5
418. Rep. Todd Akin (R-Mo.) - 3.5
419. Rep. David Loebsack (D-Iowa) - 3.4
420. Rep. Kevin BradyKevin Patrick BradyHouse passes tariff-relief bill GOP may increase IRS’s budget Overnight Finance: Congress barrels toward another shutdown crisis | Canada worries Trump will withdraw from NAFTA | Blue-state Republicans push tax law changes | Chamber CEO calls out Bannon, Warren MORE (R-Texas) - 3.4
421. Rep. John Carter (R-Texas) - 3.2
422. Rep. Pete Sessions (R-Texas) - 3.1
423. Rep. Lloyd Doggett (D-Texas) - 3.1
424. Rep. Lamar Smith (R-Texas) - 3.0
425. Rep. Charles Rangel (D-N.Y.) - 2.9
426. Rep. Adrian Smith (R-Neb.) - 2.9
427. Rep. Mike Conaway (R-Texas) - 2.9
428. Rep. Carolyn Maloney (D-N.Y.) - 2.8
429. Rep. John Culberson (R-Texas) - 2.8
430. Rep. Donald Young (R-Alaska) - 2.8
431. Rep. Lee Terry (R-Neb.) - 2.8
432. Rep. Stephanie Herseth Sandlin (D-S.D.) - 2.6
433. Rep. Jeff FortenberryJeffrey (Jeff) Lane FortenberryWe vowed to help persecuted religious minorities — it’s time to act Kurds, Iraqi Christians want democracy for themselves Rep: Charlie Gard granted permanent residence status MORE (R-Neb.) - 2.6
434. Rep. Randy NeugebauerRobert (Randy) Randolph NeugebauerCordray announces he's leaving consumer bureau, promotes aide to deputy director GOP eager for Trump shake-up at consumer bureau Lobbying World MORE (R-Texas) - 2.5
435. Rep. Earl Pomeroy (D-N.D.) - 1.7