How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
W S
Servicing / The Ticker

Third-quarter mortgage delinquencies fall

spiral stair
/ Print / Reprints /
| Share More
/ Text Size+

According to The Wall Street Journal, U.S. mortgage delinquency rates fell in the third quarter, coming in lower for the seventh period in a row.

The credit-information company said that mortgage delinquencies of at least 60 days were down at 4.09% at quarter's end, compared with 5.33% a year earlier and 4.32% for the second quarter.

The company expects the delinquency rate will be just under 4% at year's end.

"We looked at all 52 million installment-based mortgages in the U.S. and the trend is clear--the percentage of borrowers willing and able to make their mortgage payments continues to improve," said TransUnion executive Tim Martin. "The overall delinquency rate is still high relative to 'normal,' but a 23% year over year improvement is great news for homeowners and their lenders."

Source: WSJ
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus