Articles tagged with: delinquency
TransUnion released a report stating the mortgage delinquency rate for the third quarter has risen for the first time since the last quarter of 2009.
The credit bureau had initially forecast a decline in the delinquency rate. The national delinquency rate – which serves as a snapshot of how many people were 60 days or more behind on their mortgage payments – was 5.88 percent in the third quarter. For the record, Arkansas fared better than the national average at 3.62 percent.
Believe it or not, the ramifications of the so-called subprime …