One of the credit bureaus responsible for calculating your FICO score, TransUnion, reported a nice dive in the national mortgage delinquency rate! They should know!
The report includes mortgages that are 60-plus days delinquent. And, it's been keeping track since 1992! Nationwide the percentage is 4.56. That's a TWENTY-ONE percent decline from a year ago and a twelve percent decrease from the 4th quarter of 2012.
Tim Martin, Group VP of U. S. Housing in TransUnion's financial services business unit said: "We certainly expected improvement this quarter, as the housing sector is in recovery, but the magnitude of the improvement was unexpected."
The improvement in itself, I would think, speaks volumes about homeowner confidence.
What do you think?
No comments:
Post a Comment