Mortgage delinquencies seen to drop sharply in 2012

Discussion in 'Economy' started by Truthmatters, Dec 7, 2011.

  1. Truthmatters
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    ECONOMY: 2012 Mortgage delinquencies seen dropping sharply | The Daily Times | delmarvanow.com



    Mortgage delinquency rates — the ratio of borrowers 60 or more days behind on their payments — will likely tick up to about 6 percent through the first three months of 2012, TransUnion said in its annual delinquency forecast issued Wednesday.

    But by the end of next year, it could drop to 5 percent, TransUnion said. That's well off the peak of 6.89 percent seen in the fourth quarter of 2009.


    Chicago-based TransUnion's forecast takes into consideration several factors, including expectations that consumer confidence and the economy will improve next year.
     
    Last edited: Dec 7, 2011
  2. Truthmatters
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    Note they say consumer confidence and the economy will be up next year.
     
  3. Baruch Menachem
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    When you reach bottom, up is the only way to go
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    So you define "drop sharply" as a possible, best case scenario, 5 percent increase in mortgage delinquency rates? :confused:
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Along with mortgage delinquency rates right? WTF planet are you from? :confused:
     
  6. driveby
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    driveby Gold Member

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    Obama payin my gas and mortgage......
     
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  7. Baruch Menachem
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    [ame="http://www.youtube.com/watch?v=AXPSFNZ9Q7E"]Guess[/ame]
     
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    Last edited: Dec 7, 2011
  8. Warrior102
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    You live in a fucking FEMA trailer. What do you know about a mortgage?
     
  9. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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    Pleased to hear delinquency rates will possibly be lower.

    Foreclosure not so pretty for some people :(

    'Some 40 percent of the families nationwide facing eviction due to foreclosure are renters, according to National Low Income Housing Coalition estimates'

    Florida's Forgotten Victims Of Foreclosure: Tenants
     
  10. waltky
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    waltky Wise ol' monkey Supporting Member

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    HUD mortgage aid program dragged its feet...
    :mad:
    HUD's emergency mortgage aid program stumbled from the start
    18 Dec.`11 - HUD now making final decisions on 5,000 applicants preliminarily approved for up to $50,000 each
     

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