|
15 February 2012
The national mortgage delinquency rate rose during the fourth quarter of 2011, TransUnion reported Tuesday, marking only the second time since the end of 2009 the credit bureau has recorded an increase in past due mortgage payments. The first was during the third quarter of 2011, with the succession signaling what could be a troubling trend in the making. TransUnion calculates delinquencies as borrowers 60 or more days behind on payments but not in foreclosure. The rate increased from 5.88 percent in the third quarter to 6.01 percent in the fourth.
