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By Dennis Norman, on November 8th, 2011
This morning, Trans Union released a report showing the national mortgage delinquency rate (the rate of borrowers 60 or more days past due) increased to 5.88 percent (from 5.82 percent in the 2nd quarter) during the third quarter of 2011, after falling in the previous quarter by the largest rate in two years.
Continue reading… Mortgage delinquency rate increases for first time since 2009
By Dennis Norman, on August 10th, 2011
This morning, Trans Union released a report showing the national mortgage delinquency rate (the rate of borrowers 60 or more days past due) decreased for the sixth consecutive quarter, dropping to 5.82% at the end of the second quarter in 2011 which is a 5.98 percent from the prior quarter, the largest quarterly decrease in
Continue reading… Mortgage delinquency rate declines by largest rate in two years
By Dennis Norman, on November 23rd, 2010
On the heels of the post I just did on shadow inventory, it is good to see a positive report on mortgage delinquencies! According to a report issued by TransUnion, mortgage loan delinquencies in the third quarter of this year declined 3.45 percent to 6.44 percent, marking the largest quarterly decline since the fourth quarter
Continue reading… Mortgage loan delinquencies have largest quarterly decline in four years
By Dennis Norman, on November 18th, 2010
According to a survey just released by Transunion, Landlord’s and Property managers appear to be making it through the Great Recession and are seeing improvement in the market from their perspective. In fact, seven out of 10 property managers said their rental properties have no vacancies, an increase of almost 17 percent
Continue reading… Rental housing market weathering storm; more tenants former homeowners
By Dennis Norman, on November 1st, 2010
Dennis Norman
Finally, some more good news about the housing market! TransUnion released a study of mortgage delinquency “roll rates” (when delinquent borrowers move to a more delinquent status, say from 30 days late to 60 days late, then 90 and so on) which showed that mortgage delinquency roll rates peaked in the summer of
Continue reading… Report shows mortgage delinquency ‘Roll Rates’ peaked in summer of 2009; Sign that worst is over?
By Dennis Norman, on August 19th, 2010
Dennis Norman
For some time now I’ve been saying the precursor to the housing market recovering is for the mortgage delinquency and foreclosure rates to fall from the present, near-record levels, down to closer to historical norms. The current mortgage loan delinquency report from TransUnion shows that, for the second consecutive quarter, things are headed
Continue reading… Mortgage Delinquencies Fall for Second Consecutive Quarter
By Dennis Norman, on May 10th, 2010
Dennis Norman
Consistent with the report on mortgage delinquencies from LPS that I wrote about last week, today TransUnion released it’s report on mortgage delinquencies showing they fell 1.74 percent in the first quarter of this year, which is the first quarterly decline since 2006. This is good news, however, not to rain on
Continue reading… Mortgage Delinquencies Fall in 1st Quarter; First Decline Since 2006
By Dennis Norman, on February 16th, 2010
Dennis Norman
Deceleration in Rise of Mortgage Delinquencies Short Lived
Back in July, 2009 when speaking in North Carolina President Barack Obama announced “we may be seeing the beginning of the end of the recession“. My thoughts then were that was very optimistic and I didn’t agree (for whatever that is worth). Since then
Continue reading… Mortgage Delinquencies Jump Over 10 Percent
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