The 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.
According 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.
The 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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