Almost 12 percent of homeowners with a mortgage - including about 1 in 5 Floridians - are behind on their payments, a new record reported Thursday by the Mortgage Bankers Association.

But it gets worse when you dig into the details. Almost half of mortgagees with subprime adjustable rate loans were in default. The figure climbs to 60 percent when you isolate Florida.

“While California, Florida, Nevada, Arizona and Michigan continue to dominate the delinquency numbers, some of the sharpest increases we saw last quarter in loans 90 days or more delinquent were in Louisiana, New York, Georgia, Texas and Mississippi, signs of the spreading impact of the recession,” said Jay Brinkmann, chief economist with the MBA.