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Mortgage Delinquency Rate Falls in Second Quarter
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FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Delinquency Rate Falls in Second Quarter
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Delinquency Rate Falls in Second Quarter

August 15, 2012 (Shirley Allen)

More homeowners were able to make their payments in the second quarter of 2012 as the national mortgage delinquency rate fell to 5.49 percent according to TransUnion. It was the second consecutive quarter that the national mortgage delinquency rate has improved.

Forty-five states in the country reported that delinquency rates had improved between the first and second quarter of this year while 76 percent of the metropolitan areas reported that delinquency rates had also improved, up from 73 percent in the first quarter.

A year ago, the national mortgage delinquency rate stood at 5.82 percent.

Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit, stated, “While it is a positive sign to see mortgage delinquency rates decrease, meaning more and more homeowners were able to make their mortgage payments, the rate of the decline is still not at a pace that will push levels significantly closer to pre-recession norms. The pace of improvement should pick up when we review third quarter results, helped by a few months of relatively good news on home prices, this year’s resurgence in refinance activity related to HARP 2.0 and record low mortgage interest rates.”

The state with the highest delinquency rate in the nation was Florida where 13.48 percent of the mortgages were delinquent, followed by Nevada at 10.85 percent and New Jersey at 8.15 percent. These three states were also the top three states in the tfirst quarter.

The state with the lowest delinquency rate was North Dakota at 1.32 percent, followed by South Dakota at 1.94 percent and Nebraska at 2.24 percent. These were also the three states with the lowest delinquency rates in the first quarter.

The amount of mortgage debt per borrower increased slightly from the previous quarter but was down from the previous year. The average mortgage debt per borrower in the second quarter was $188,341 compared to $188,196 in the first quarter and $189,205 in the second quarter of 2011.

Washington D.C. had the highest mortgage debt per borrower at $374,709, while borrowers in West Virginia had the lowest mortgage debt of $106,533.

Tags: TransUnion, mortgage delinquency rate, mortgage debt, mortgage payments, negative equity, price depreciation

Source:
TransUnion

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?

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COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 15, 2012 (Shirley Allen)

More homeowners were able to make their payments in the second quarter of 2012 as the national mortgage delinquency rate fell to 5.49 percent according to TransUnion. It was the second consecutive quarter that the national mortgage delinquency rate has improved.

Forty-five states in the country reported that delinquency rates had improved between the first and second quarter of this year while 76 percent of the metropolitan areas reported that delinquency rates had also improved, up from 73 percent in the first quarter.

A year ago, the national mortgage delinquency rate stood at 5.82 percent.

Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit, stated, “While it is a positive sign to see mortgage delinquency rates decrease, meaning more and more homeowners were able to make their mortgage payments, the rate of the decline is still not at a pace that will push levels significantly closer to pre-recession norms. The pace of improvement should pick up when we review third quarter results, helped by a few months of relatively good news on home prices, this year’s resurgence in refinance activity related to HARP 2.0 and record low mortgage interest rates.”

The state with the highest delinquency rate in the nation was Florida where 13.48 percent of the mortgages were delinquent, followed by Nevada at 10.85 percent and New Jersey at 8.15 percent. These three states were also the top three states in the tfirst quarter.

The state with the lowest delinquency rate was North Dakota at 1.32 percent, followed by South Dakota at 1.94 percent and Nebraska at 2.24 percent. These were also the three states with the lowest delinquency rates in the first quarter.

The amount of mortgage debt per borrower increased slightly from the previous quarter but was down from the previous year. The average mortgage debt per borrower in the second quarter was $188,341 compared to $188,196 in the first quarter and $189,205 in the second quarter of 2011.

Washington D.C. had the highest mortgage debt per borrower at $374,709, while borrowers in West Virginia had the lowest mortgage debt of $106,533.

Tags: TransUnion, mortgage delinquency rate, mortgage debt, mortgage payments, negative equity, price depreciation

Source:
TransUnion

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 15, 2012 (Shirley Allen)

More homeowners were able to make their payments in the second quarter of 2012 as the national mortgage delinquency rate fell to 5.49 percent according to TransUnion. It was the second consecutive quarter that the national mortgage delinquency rate has improved.

Forty-five states in the country reported that delinquency rates had improved between the first and second quarter of this year while 76 percent of the metropolitan areas reported that delinquency rates had also improved, up from 73 percent in the first quarter.

A year ago, the national mortgage delinquency rate stood at 5.82 percent.

Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit, stated, “While it is a positive sign to see mortgage delinquency rates decrease, meaning more and more homeowners were able to make their mortgage payments, the rate of the decline is still not at a pace that will push levels significantly closer to pre-recession norms. The pace of improvement should pick up when we review third quarter results, helped by a few months of relatively good news on home prices, this year’s resurgence in refinance activity related to HARP 2.0 and record low mortgage interest rates.”

The state with the highest delinquency rate in the nation was Florida where 13.48 percent of the mortgages were delinquent, followed by Nevada at 10.85 percent and New Jersey at 8.15 percent. These three states were also the top three states in the tfirst quarter.

The state with the lowest delinquency rate was North Dakota at 1.32 percent, followed by South Dakota at 1.94 percent and Nebraska at 2.24 percent. These were also the three states with the lowest delinquency rates in the first quarter.

The amount of mortgage debt per borrower increased slightly from the previous quarter but was down from the previous year. The average mortgage debt per borrower in the second quarter was $188,341 compared to $188,196 in the first quarter and $189,205 in the second quarter of 2011.

Washington D.C. had the highest mortgage debt per borrower at $374,709, while borrowers in West Virginia had the lowest mortgage debt of $106,533.

Tags: TransUnion, mortgage delinquency rate, mortgage debt, mortgage payments, negative equity, price depreciation

Source:
TransUnion

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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