delinquency rates stable over the past year. However, as the economy slows and risks of an economic downturn remain prevalent, it will be important for consumers to manage these higher debt levels diligently to remain current on their obligations," said Matt Fabian, director of financial services research and consulting for TransUnion Canada.
Credit analytics firm TransUnion projects that the national mortgage delinquency rate will decline from 3.94% to 3.75% by the end of 2014, according to a report released Thursday.
4 TransUnion predicts mortgage delinquency improvement increased to 13.37%, up from West Coast Midwest Mid-South Northeast As we celebrate the joyous holiday season, I want to express my heart felt appreciation to our valued clients, alliance partners, business associates, global business partners and my dedicated team members.
Northeast: existing-home sales dropped 6 percent to an annual rate of 630,000. Sales are 3.3 percent above a year ago. Median price: $247,800, up 2.7 percent from a year ago; Midwest: existing-home sales fell 2.7 percent to an annual level of 1.08 million in January. Sales are still 0.9 percent above January 2014 levels.
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TransUnion says analysis of later-stage mortgage delinquency, such as the ratio of borrowers 90 or 120 or more days past due, suggest that a possible deceleration in foreclosure rates is underway.
My score, according to the dealer was 573 (transunion) I got approved by. Last month (Feb 2014) I went to a different credit union.. Oh by the way score on credit karma shows 614 so it's lower than what the CU shows due to. to pay my car loan while I finish paying off my $3,000 delinquent student loan.
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According to TransUnion’s quarterly analysis of trends in the auto industry, the national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) reached its lowest level since TransUnion began tracking the variable in 1999.
· The national mortgage loan delinquency rate (the ratio of borrowers 60 or more days past due) is projected to decline to 5.06% by the end of 2013 from an estimated 5.32% at the conclusion of 2012. Credit card delinquency rates may increase slightly from 0.83% in fourth quarter 2012 to 0.87% in fourth quarter 2013.
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Transunion expects the mortgage delinquency rate will drop to its lowest level since 2005. While I appreciate the jubilance that may come from delinquencies being on the decline, I think the dip in delinquency rates may be a ticking time bomb and should be watched carefully. Regulations are lightening up a bit, but I caution against swinging.