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Mortgage Delinquency Rate Falls in Second Quarter
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You're Now Reading:
Mortgage Delinquency Rate Falls in Second Quarter
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 Delinquency Rate Falls in Second Quarter
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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

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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
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 Mortgageloanrateupdate. 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
MORTGAGELOANRATEUPDATE
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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

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

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
MORTGAGELOANRATEUPDATE
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 MortgageLoanRateUpdate. 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
MORTGAGELOANRATEUPDATE
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.

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 Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
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.