Mortgage delinquency rate drops nearly 14%: TransUnion

According to TransUnion, the mortgage delinquency rate in the united states dropped for the fourth straight quarter in a row. In the fourth quarter of 2011, the national delinquency rate was 6.01%. By the end of 2012, it had fallen to 5.19%, a decline of nearly 14%.

 · Late-Payment Rate on US Mortgages Hits Four-Year Low.. mortgage delinquency rate didn’t hit its peak of nearly 7 percent until the fourth quarter of 2009, according to TransUnion. The rate.

The mortgage delinquency rate dropped 23.3% in the past year, ending Q3 2013 at 4.09%. It stood at 5.33% in Q3 2012. The mortgage delinquency rate also dropped on a quarterly basis, down 5.3% from.

CHICAGO, IL, Aug 06, 2013 (Marketwired via COMTEX) — The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) continued its unprecedented decline in 2013, dropping to 4.

On a year-over-year basis, the mortgage delinquency rate has declined nearly 14 percent from 6.01 percent in Q4 2011. group vice president of U.S. Housing in TransUnion’s financial services.

TransUnion: Delinquency Rates Drop as Consumer Debt Surprisingly Remains Nearly the Same During Fourth Quarter Toronto, Feb. 26, 2014 – TransUnion’s quarterly analysis of Canadian credit trends found that the average consumer’s total debt (excluding mortgage) in Q4 2013 increased marginally to $27,368 from $27,355 in Q3 2013.

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As house prices and unemployment slowly improve, TransUnion’s forecast indicates that the national mortgage delinquency rate will gradually drop throughout 2013. Minnesota (-13.58%), California.

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 · The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) dropped for the second consecutive quarter, declining to 5.49% in Q2 2012. The mortgage delinquency rate has now dropped nearly 9% in the first six months of this year.

 · The mortgage delinquency rate declined more than 14% in the last year (down from 3.84% in Q4 2013). Average mortgage balances per consumer increased to $187,139 in Q4 2014, up from $185,496 in Q4.

The mortgage delinquency rate for homeowners 60 days or more delinquent on their mortgages fell below 4 percent during the last quarter of 2013, the first time the delinquency rate has been below 4% since 2008, according to TransUnion. According to the report, every state in the U.S. saw a decline in mortgage delinquency rates [.]

Trend Watch #4: Non-mortgage delinquency will continue to drop economic events such as interest rate hikes, unemployment, inflation and wages will have an impact on delinquency. The graphic below shows the projected change in serious delinquency rates on non-mortgage products from Q3 2018.