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Entries in Delinquent (2)

Tuesday
Feb122013

Home Loan Delinquencies Plunge

Hemera Technologies/Thinkstock(NEW YORK) -- Mortgage delinquency rates are down to their lowest level in five years.

Credit reporting firm TransUnion says only 5 percent of people with home loans were at least two months behind with their payments in the final quarter of 2012.  That’s compared with 14 percent the year before.

This finding means that in the future, fewer foreclosure properties and short sales will be on the market.

Copyright 2013 ABC News Radio

Wednesday
Aug082012

Delinquent Mortgage Payments Down to Three-Year Low

Hemera Technologies/Thinkstock(NEW YORK) -- More American homeowners are staying on top of their mortgage payments, according to a new report from TransUnion.

The credit reporting firms says just over one in 20 homeowners -- 5.49 percent -- were at least 60 days behind with their mortgage payments during the spring quarter.  That marks the lowest level in three years.

The number is still well above levels seen before the housing bust, but the report is another sign of improvement this year for the struggling housing market.  

Home prices are now rising in most parts of the country.  Mortgage firm Freddie Mac says second-quarter prices rose nearly five percent compared in the first three months of this year.

Copyright 2012 ABC News Radio







ABC News Radio