Fewer Mortgage Payers Fell Behind in Third Quarter

Fewer mortgage holders have been falling behind on their payments, with delinquencies — payments more than 60 days late — in the third quarter making their biggest decline in the last four years, TransUnion said Monday.

National delinquencies fell to 6.44% in the quarter, compared to 6.67% in the second quarter, although the number still represents in increase from the 6.25% rate in the third quarter of last year.

That marks the largest quarterly decline since the fourth quarter of 2006, more than double the declines in the first and second quarter of this year, in a sign that more homeowners have shored up their finances enough to make their house payments.

Full Story from Daily Finance

Click here for gay realtors, mortgage lenders, and other real estate professionals.

Leave a Reply

Your email address will not be published. Required fields are marked *