TransUnion Sees Double-digit Declines in Mortgage Delinquency Rate Through 2011
Double-digit declines in the mortgage delinquency rate for all 50 states will occur through next year, according to a leading credit information agency.
Palm Coast, FL – December 7, 2010
Double-digit declines in the mortgage delinquency rate for all 50 states will occur through next year, according to a leading credit information agency.
TransUnion expects the national mortgage delinquency rate to fall by about one-fifth to 4.98% by the end of 2011. The company projects the rate at 6.21% at the end of 2010, representing a nearly 10% decrease from the prior year. The national delinquency rate fell 3.5% from the second quarter to third quarter, which was the largest quarterly drop in four years, TransUnion said in late November. The number of delinquent mortgages peaked in July 2009.
Read More: HousingWire
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