The national mortgage delinquency rate, the rate of borrowers 60 or more days past due, dropped in the second quarter to 5.49%, according to Chicago-based TransUnion. This is the second consecutive quarterly drop for the mortgage delinquency rate, which has fallen nearly 9% in the first six months of this year.
TransUnion’s report found that, overall, 90 days or more past due consumer delinquency rates declined 23 basis points during 2017 to finish at 5.30%. While Gen Z experienced a 39-basis point increase in serious delinquency rates, Millennials saw a 69-basis point drop in delinquencies during 2017.
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The mortgage delinquency rate 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 5.3% from.
Colorado and Utah — experienced 30%+ declines in their mortgage delinquency rate. Three states — California, Florida and Nevada — had double-digit percentage drops in the last quarter. The data.
The mortgage delinquency rate has now dropped nearly 9% in the first six months of this year.
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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.
Although mortgage delinquencies were expected to continue to drop. nearly three times the pre-recession norm,’ and the current pace of improvement, we may not see normal’ delinquency rates until.
Mortgage Delinquency Rate Down Nearly 14% in 2012: TransUnion February 12, 2013 Staff 0 Comments charge-offs , credit delinquencies , credit reports , foreclosures/mortgage relief The national mortgage delinquency rate, which refers to the rate of borrowers 60 days or more past due, declined on a year-over-year basis nearly 14 percent in the fourth quarter of 2012.
TransUnion is projecting 33 states to have delinquency rates lower than 2.5% by the end of next year. And while the United States overall is expected to see a nearly. drops in unemployment, could.
On a year-over-year basis, the mortgage delinquency rate has declined nearly 14% from 6.01% in Q4 2011. "The national mortgage delinquency rate experienced its largest yearly decline since the conclusion of the recession, though we still remain far above normal levels," said Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit.