Real estate blog entries tagged with mortgage delinquencies by Ilyce N. Powell, CMPS™ - Certified Mortgage Planning Specialist (AmeriSave Mortgage Corp./ United First Financial)

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Home : Blogs : Ilyce N. Powell, CMPS™ - Certified Mortgage Planning Specialist : Ilyce's Views You Can Use : Tag "mortgage delinquencies"

mortgage delinquencies: Can You Guess What Percentage Of Mortgages Are Still Paid On-Time? - 03/03/09 09:28 AM

Mortgage delinquencies are on the rise nationwide, but the news may not be as bad as it appears at first glance.
Using anonymous data from its national credit database, TransUnion reports that 4.58 percent of American homeowners were at least 60 days past due on mortgage payments last quarter.
Comparing the statistic to the data from a year ago, the credit reporting agency goes on to say that mortgage delinquencies are up 53 percent.
Although fair, the comparison carries a distinct, negative connotation because if we flip the data to its positive, the statistics don't seem nearly as menacing.
Consider: In the last quarter of … (1 comments)

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Ilyce N. Powell, CMPS™ - Certified Mortgage Planning Specialist

Baltimore, MD

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