This delinquency rate is down almost 10 percent quarter over quarter (0.82 percent 4Q10) and down nearly 33 percent year over. auto loan and mortgage data available on TransUnion’s Web site..
The credit card delinquency rate reached 1.46% in Q2 2017, up 13.2% from 1.29% in Q2 2016. This brings the card delinquency rate above the average Q2 delinquency reading of 1.27% for the last three years. While this increase may seem large, delinquency levels remain well below the 3% delinquency rates observed after the recession.
The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) dropped for the second consecutive quarter, declining to 5.49% in Q2 2012. The mortgage delinquency rate has now dropped nearly 9% in the first six months of this year. This information is reported by TransUnion.
The trend brought down the national late-payment rate on home loans in the third quarter to a five-year low, credit reporting. improvement to come." TransUnion forecasts that the national mortgage.
easyirid=DC2167C025A9EA04&version=live&prid=786658&releasejsp=custom_144 recorded the largest percentage drop in delinquencies since the end of the recession two years ago. According to TransUnion,
Trend Watch #4: Non-mortgage delinquency will continue to drop Economic events such as interest rate hikes, unemployment, inflation and wages will have an impact on delinquency. The graphic below shows the projected change in serious delinquency rates on non-mortgage products from Q3 2018.
Average mortgage balances will continue to trend upward in 2019, largely driven by increased prices for newly purchased homes, a drop in the refi share, and a potential shift in purchase mix. mortgage delinquency rates are forecasted to continue their downward trend, continuing a consistent downward year-over-year trend every quarter since.
auto loan and mortgage data that may be found on TransUnion’s Web site. Statistics The national 60-day auto delinquency rate experienced a noteworthy drop between the fourth quarter of 2007 and the.
TransUnion’s report found that, overall, 90 days or more past due consumer delinquency rates declined 23 basis points during 2017 to finish at 5.30%. While Gen Z experienced a 39-basis point increase in serious delinquency rates, Millennials saw a 69-basis point drop in delinquencies during 2017.
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On a year-over-year basis, the mortgage delinquency rate – the rate of borrowers 60 days or more past due on their mortgages – dropped nearly 14% from 6.01% last year, according to a survey by.