Mortgage Delinquency Rate Drops Nearly 25% in Last Year

The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgage) dropped 23.3 percent in the past year, ending the third quarter at 4.09 percent, down from a year earlier when the rate stood at 5.33 percent, according to data gathered from TransUnion’s proprietary Industry Insights Report. The mortgage delinquency rate also dropped on a quarterly basis, down 5.3 percent from 4.32 percent in the second quarter, the seventh straight quarterly decline.

Full Story:  http://www2.realtoractioncenter.com/site/R?i=f0pMFGfaIyuL9uQl5DPMfw