California and New England continue to stand out as trouble spots. But, for the most part, economists are struck by the surprisingly small regional variation in late payments on home loans in the latest Mortgage Bankers Association survey.

The consistency can be attributed to an economy that is almost uniformly strong, said Mark Zandi, chief economist at Regional Financial Associates. "Almost always you can find a region in recession," Mr. Zandi said. "That is not the case today."

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