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Released: December 12, 2012
Mortgage delinquencies to remain high in 2013
Source: Julie Schmit, USA Today
Here's some good news on home loan delinquencies.
If not for all the homeowners who haven't paid their mortgages in more than a year, the nation's home loan delinquency rate would be only slightly higher than normal, shows new research from credit monitor TransUnion.
The delinquency rate would fall to about 2.5%, down from more than 5%, if those borrowers were excluded, says Tim Martin, TransUnion vice president.
Read Full Article: Mortgage delinquencies to remain high in 2013
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