Trans Union Reports Decline in Mortgage Delinquencies

TransUnion: Mortgage Delinquencies Drop for Second Straight Quarter

The national mortgage delinquency rate - measuring the ratio of borrowers 60 or more days behind on their payments - fell again in the second quarter of 2010, suggesting credit conditions in the housing sector have begun to stabilize, according to TransUnion. Data released Tuesday by the credit bureau show that the national delinquency rate dropped to 6.67 percent in Q2. That's down from 6.77 percent during the previous three-month period, which marked the first time in 12 quarters that TransUnion recorded a decline in mortgage delinquencies.
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Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE
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