Delinquency Rates Expected To Rise
Homeowner delinquency rates are expected to be higher than they’ve been in the past 17 years, according to TransUnion Trend Data.
TransUnion estimates a 54 percent increase in mortgages that are 60 or more days delinquent, from 4.66 percent at the end of 2008 to a projected 7.17 percent at the end of 2009. Prior to the housing and credit crisis, delinquencies have been around 2 percent for most of the decade.
