Mortgage delinquency rate drops nearly 14%: TransUnion

Even with growth expected in the subprime risk tier, overall serious delinquency rates are expected to drop for personal loans to finish next year at 3.39%. This is primarily due to maintaining a healthy mix of prime consumers on the books as lenders extend credit to subprime consumers concurrently.

TransUnion expects the mortgage delinquency rate to continue its downward trend in the first quarter of 2013, though it will likely remain above 5%.

Since the second quarter of 2011, California’s mortgage delinquency rate has dropped nearly 22% to 6.13%, while Arizona’s rate declined 21% to 6.14%. Both states had double-digit delinquency.

 · The national mortgage loan delinquency rate-the ratio of borrowers 60 or more days past due-is expected to decline to 3.75% by the end of.

CHICAGO, IL–(Marketwired – Nov 12, 2013) – The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgage) 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.

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according to TransUnion’s latest mortgage report. 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.

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TransUnion reported the 60-day mortgage delinquency rate dropped 28% from 3.29% in the last quarter of 2014 to 2.37% in Q4 2015. That decline doubled the previous year’s 14% decrease. It also was the largest annual drop the company has seen since the mortgage delinquency rate began to recover in.

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%. Drop in Delinquencies Good for Housing Market. In this context, a mortgage delinquency occurs when a homeowner is at least.

At the end of 2012, the national mortgage delinquency rate fell nearly 14 percent over a one-year period. a ""normal mortgage delinquency.

"This is the lowest mortgage delinquency rate we’ve seen in several years – down from a peak of nearly 7 percent in early 2010," said Joe Mellman, vice president and head of TransUnion’s mortgage..

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The serious mortgage delinquency rate (60 days or more past due) dropped to 1.67% in the second quarter of 2018, according to the report. This represents the lowest level since the Great Recession and is down 25 basis points from 1.92% in the second quarter of 2017.