By NEIL HARTNELL Tribune Business Editor The value of mortgage loan arrears and non-performing home loans in the Bahamas have both more than doubled in percentage terms over a five-year period, data obtained by Tribune Business shows, with more than 20 per cent of the almost $3 billion worth of mortgages now in default. Some 20.71 per cent of that $2.984 billion sum lent in mortgage loans was in default at end-2010, the data reveals, meaning the credit involved was at least 30 days past due. That level of mortgage arrears had increased from 8.83 per cent of the total sum lent in 2005 to 10.44 per cent in 2007, 13.24 per cent in 2008 and 18.46 per cent in 2009. The figures mean that $1 out ...

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