TransUnion: U.S. Mortgage Loan Delinquency Rate Plunges in 2012

TransUnion: National Mortgage Loan Delinquency Rate Dropped Nearly 14% in 2012

Yearly decline most since end of ‘Great Recession’

cliff-diver-plunge-drop-declineThe national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the fourth consecutive quarter, dropping from 5.41% in Q3 2012 to 5.19% in Q4 2012. On a year-over-year basis, the mortgage delinquency rate has declined nearly 14% from 6.01% in Q4 2011.

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TransUnion: U.S. Home Loan Delinquency Rates Hit Three Year Low

National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009

Transunion predicts mortgage delinquency rates to drift down in 2012 as more homeowners repay their mortgage debt obligations even in the face lower home prices and continuing high unemployment. 

Delinquent DebtAccording to  TransUnion, the national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that began in Q3 2011. Prior to Q3 2011, 60-day mortgage delinquency rates had dropped for six consecutive quarters. This latest quarter brings the delinquency rate to its lowest point since Q1 2009.

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Loan Delinquincies Rise as Consumer Confidence Falls

TransUnion: National Mortgage Loan Delinquencies Increase for First Time Since 2009

After six straight quarters of loan delinquency improvement, suddenly there’s a surge in the rate — 64% of metro areas saw increases.

Delinquent HomeownerThe national mortgage delinquency rate (the rate of borrowers 60 or more days past due) increased for the first time since the end of 2009, edging up to 5.88% at the end of the third quarter in 2011 according to TransUnion in its quarterly analyses of U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans.
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