Despite a steadily improving economy and declining mortgage delinquency rates over the past year, more homeowners still are paying credit card bills before their monthly mortgage payment, a three year old practice than roughly parallels the foreclosure era and the emergence of “strategic defaults,” where mortgage holders walk away from their homes even though they can afford the mortgage payments
Continue reading…Friday, December 17, 2010
Mortgage delinquencies will drop nearly 20 percent by the end of 2011 to 4.98 percent of all mortgages from an expected 6.21 percent at the end of 2010, according to the latest forecast from TransUnion, one of the three top credit rating bureaus.
Continue reading…Tuesday, August 17, 2010
Another provider of national credit data reported today that mortgage delinquencies have been falling during the first half of the year, suggesting that the housing sector is beginning to stabilize.
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Wednesday, March 30, 2011
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