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2012 Mortgage Delinquencies Seen Dropping Sharply [View All]

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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 11:02 AM
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2012 Mortgage Delinquencies Seen Dropping Sharply
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Source: ASSOCIATED PRESS

(12-07) 07:05 PST New York (AP) --

If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year, according to credit reporting agency TransUnion.

Mortgage delinquency rates the ratio of borrowers 60 or more days behind on their payments will likely tick up to about 6 percent through the first three months of 2012, TransUnion said in its annual delinquency forecast issued Wednesday.

But by the end of next year, it could drop to 5 percent, TransUnion said. That's well off the peak of 6.89 percent seen in the fourth quarter of 2009.

Chicago-based TransUnion's forecast takes into consideration several factors, including expectations that consumer confidence and the economy will improve next year.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/1...
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  -2012 Mortgage Delinquencies Seen Dropping Sharply Purveyor  Dec-07-11 11:02 AM   #0 
  - old old chart I post periodically  Mojorabbit   Dec-07-11 11:08 AM   #1 
  - According to that chart, we're through the worst of the Option ARM storm. nt.  Hosnon   Dec-07-11 11:45 AM   #2 
  - And as I mentioned when I first saw it  dmallind   Dec-07-11 12:25 PM   #5 
     - Unless most are underwater and the banks  Mojorabbit   Dec-07-11 02:13 PM   #7 
        - ARM or refi? Two different things  dmallind   Dec-07-11 02:36 PM   #8 
           - I was under the impression that when time came to reset  Mojorabbit   Dec-07-11 04:39 PM   #10 
  - Logical considering pretty much the only people still in houses are  Myrina   Dec-07-11 12:08 PM   #3 
  - PEAK of less than 7% fell behind nt.  dmallind   Dec-07-11 12:23 PM   #4 
  - *1  Zorra   Dec-07-11 05:04 PM   #12 
  - That's like telling someone who is bleeding that it will stop soon,  jtuck004   Dec-07-11 01:50 PM   #6 
  - And how many do you think are behind ("bleeding")?  dmallind   Dec-07-11 02:50 PM   #9 
     - I was referring to the 2.9 million of our neighbors who got a foreclosure notice in 2010,  jtuck004   Dec-08-11 04:12 PM   #15 
  - IF...IF...IF...IF...IF!!!!!  SoCalMusicLover   Dec-07-11 04:51 PM   #11 
  - Transunion's predictions are based on several highly shaky  coalition_unwilling   Dec-07-11 05:13 PM   #13 
  - Or, you know, it could increase. Or remain the same.  Fool Count   Dec-07-11 05:53 PM   #14 
 

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