Credit Bureau Foresees Even Fewer Mortgage Delinquencies in 2017


Credit Bureau Foresees Even Fewer Mortgage Delinquencies in 2017

Dec, 22nd 2016

Mortgage delinquency rates will continue their downward trend in 2017, according to a forecast from TransUnion.

TransUnion projects serious delinquency rates will decrease from 2.21% in the fourth quarter of 2016 to 2.11% by the end of the fourth quarter in 2017.

“The mortgage market has been seeing steady improvements during the last several years, and we believe lower unemployment rates, growth in median household income, and rising home values will be the primary drivers for continued strong performance in this sector,” said Joe Mellman, TransUnion vice president and mortgage line of business leader.

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