88finance Internet Finance Magazine

TransUnion Forecasts Mortgage Delinquency Rate to Stay Above 5% in 2013; Credit Card Delinquencies Expected to Remain Low

CHICAGO, IL — (Marketwire) — 12/12/12 — TransUnion released its annual forecasts today on two primary consumer credit variables — mortgage and credit card delinquency rates. 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. TransUnion forecasts mortgage delinquencies, a statistic generally considered to be a precursor to foreclosure, will decline