PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Hardwick was Johnson's attorney and "trusted advisor"

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
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