Mortgage Delinquencies Improve for 5th Straight Month

People are in better financial shape and/or also feeling more positive
about home values.

From DS News

> Mortgage Delinquencies Improve for Fifth
Straight Quarter: TransUnion

The share of mortgage borrowers in the United States 60 or more days behind
on their payments dropped to 6.19 percent at the end of the first quarter of
2011, according to data released Monday by the credit bureau TransUnion.
That's down from 6.41 percent at the close of 2010 and marks the fifth
consecutive quarter that TransUnion has reported an improvement in the
national delinquency rate. The firm says as home prices have declined
further, delinquencies were expected to remain flat or at least slow in
their decline, but that hasn't been the case.
> > Read More



Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

CA DRE#: 01173766