TransUnion: Mortgage delinquency rate slows in 2014

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Mortgage delinquency rates have declined almost every quarter since their peak of 7.21% in Q1 2010. We forecast this trend to continue in 2018 as serious mortgage delinquency rates reach the lowest level observed since 2005. Although rising interest rates are affecting refinancing, they are not hurting the overall mortgage market.

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Credit Card Delinquency Rates in 2010 Q1 | TransUnion TransUnion Predicts Auto Loan Lending and Delinquency Rise in 2014 According to a TransUnion report, 2014 will be a year of increases in both auto loan lending and payment delinquencies. The average automotive debt per borrower is expected to increase from a 2013 figure of $16,942 to a 2014 figure of $17,966.

Among other findings, TransUnion reported that total auto loan balances grew to $1.12 trillion, about $7 billion higher than the first quarter a year ago. The average balance per customer grew by 1.8% to $18,386, and the delinquency rate jumped from 1.16% to 1.3% year over year.

The mortgage delinquency rate declined more than 14% in the last year, down from 3.84% in Q4 2013. Average mortgage balances per consumer increased to $187,139 in Q4 2014.

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.

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. factors to continue reducing the mortgage delinquency rate throughout 2013, the recent and sizable increase in mortgage interest rates may eventually slow the progress,” he added. Looking ahead,

CHICAGO, IL–(Marketwire – 02/16/11) – TransUnion’s quarterly analysis of trends in the mortgage industry found that the national mortgage loan delinquency rate (the ratio of borrowers 60 or more.

CHICAGO, IL, Aug 20, 2014 (Marketwired via COMTEX) — The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) declined for the 10th consecutive quarter.

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