Late Mortgage Payments at 3-Year Low
Lowest Level Since Q1 2009
A number of media outlets have reported this information originating from TransUnion on Wednesday. The rate at which it is improving is slow but nevertheless declining delinquencies - i.e. going in the right direction. It will be some time, still, to get to the delinquency rate before the housing market mess began.
5.49% of the nation's mortgage holders were behind 60 days or more.
This positive trend is concurrent with the improving outlook for the housing market.
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