Daily Real Estate News |
Wednesday, May 09, 2012
The rate of borrowers past due by 60
days or more on their mortgage payments fell in the first quarter to
5.78 percent, the lowest delinquency rate since 2009, according to
TransUnion.
The pace was lower in all but eight states, with Florida and Nevada
posting the highest rates. TransUnion forecasts a decline in delinquency
rates this year as gradual improvements in the economy help more
borrowers to repay their home loans.
Source: "TransUnion: Mortgage Delinquencies Down in 1Q to Lowest Level Since 2009," Wall Street Journal (05/09/12)