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Mortgage Loan Delinquencies Continue to Drop
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You're Now Reading:
Mortgage Loan Delinquencies Continue to Drop
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Mortgage Loan Delinquencies Continue to Drop
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November 22, 2010 (Jeff Alan)
mortgage-payment-image
Credit Bureau giant TransUnion’s quarterly analysis of the mortgage industry is predicting a continuing drop in the national mortgage delinquency rate following another decrease in the third quarter of 2010. The delinquency rate dropped form 6.67 percent in Q2 2010 to 6.44 percent in Q3 2010 making it the largest quarterly decline since the fourth quarter of 2006.

TransUnion reports that the mortgage delinquency rate (the ratio of borrowers 60 or more days past due) is still higher than the 6.25 percent from the same quarter in 2009 but predicts that based on current trends, the rate will drop to 6.2 percent by the end of 2010. The delinquency rate was 6.89 percent at the end of 2009.

The mortgage delinquency rate is still far above the historical average of 1.5 percent – 2.0 percent.

Part of that prediction is based on recent data from two of the states where the mortgage delinquency problem has been the most significant: California and Arizona. The delinquency rate in California has fallen to 9.64 percent from 10.18 percent last year and in Arizona the delinquency rate has fallen to 9.96 percent from 10.37 percent last year.

Delinquency rates were highest in Nevada at 15.1%, followed by Florida at 14.6%. The lowest delinquency rates in the nation continued to be in North Dakota, at 1.52 percent, and South Dakota, at 2.24 percent.

The delinquency rate rose slightly in the third quarter in some Northeastern states, but TransUnion considers the increase too small to be a trend at this time.

Tags: transunion, delinquency rate, late mortgage payments

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Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

November 22, 2010 (Jeff Alan)
mortgage-payment-image
Credit Bureau giant TransUnion’s quarterly analysis of the mortgage industry is predicting a continuing drop in the national mortgage delinquency rate following another decrease in the third quarter of 2010. The delinquency rate dropped form 6.67 percent in Q2 2010 to 6.44 percent in Q3 2010 making it the largest quarterly decline since the fourth quarter of 2006.

TransUnion reports that the mortgage delinquency rate (the ratio of borrowers 60 or more days past due) is still higher than the 6.25 percent from the same quarter in 2009 but predicts that based on current trends, the rate will drop to 6.2 percent by the end of 2010. The delinquency rate was 6.89 percent at the end of 2009.

The mortgage delinquency rate is still far above the historical average of 1.5 percent – 2.0 percent.

Part of that prediction is based on recent data from two of the states where the mortgage delinquency problem has been the most significant: California and Arizona. The delinquency rate in California has fallen to 9.64 percent from 10.18 percent last year and in Arizona the delinquency rate has fallen to 9.96 percent from 10.37 percent last year.

Delinquency rates were highest in Nevada at 15.1%, followed by Florida at 14.6%. The lowest delinquency rates in the nation continued to be in North Dakota, at 1.52 percent, and South Dakota, at 2.24 percent.

The delinquency rate rose slightly in the third quarter in some Northeastern states, but TransUnion considers the increase too small to be a trend at this time.

Tags: transunion, delinquency rate, late mortgage payments

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.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

November 22, 2010 (Jeff Alan)
mortgage-payment-image
Credit Bureau giant TransUnion’s quarterly analysis of the mortgage industry is predicting a continuing drop in the national mortgage delinquency rate following another decrease in the third quarter of 2010. The delinquency rate dropped form 6.67 percent in Q2 2010 to 6.44 percent in Q3 2010 making it the largest quarterly decline since the fourth quarter of 2006.

TransUnion reports that the mortgage delinquency rate (the ratio of borrowers 60 or more days past due) is still higher than the 6.25 percent from the same quarter in 2009 but predicts that based on current trends, the rate will drop to 6.2 percent by the end of 2010. The delinquency rate was 6.89 percent at the end of 2009.

The mortgage delinquency rate is still far above the historical average of 1.5 percent – 2.0 percent.

Part of that prediction is based on recent data from two of the states where the mortgage delinquency problem has been the most significant: California and Arizona. The delinquency rate in California has fallen to 9.64 percent from 10.18 percent last year and in Arizona the delinquency rate has fallen to 9.96 percent from 10.37 percent last year.

Delinquency rates were highest in Nevada at 15.1%, followed by Florida at 14.6%. The lowest delinquency rates in the nation continued to be in North Dakota, at 1.52 percent, and South Dakota, at 2.24 percent.

The delinquency rate rose slightly in the third quarter in some Northeastern states, but TransUnion considers the increase too small to be a trend at this time.

Tags: transunion, delinquency rate, late mortgage payments

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
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.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.