Summary
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.See the full content of this document
Extract
2012 Mortgage Delinquencies Set to Drop
But by the end of next ye...
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