DSNews The homepage of the servicing industry
On Tuesday morning, TransUnion is set to release its Q4 2017 Insights report—which provides analysis of the consumer credit market including home loans.
The study is scheduled to reveal the most significant factors that are impacting the economy and housing market. In TransUnion’s Q3 Insights report, credit access was at an all-time high, with 195.9 million consumers having access to revolving credit, including bank-issued and private label credit cards, auto loans, personal loans—and of course mortgages. This number marked the highest level of credit measured by TransUnion.
In terms of delinquency levels, the report mentioned that the national serious mortgage borrower delinquency rate, defined as the mortgage payments that are 60 or more days past due, were down approximately 16 percent on an annual basis to 1.91 percent at the end of Q3.
The report also found that while delinquency rates were at their lowest point since the Great Recession, the total number of mortgages outstanding increased by almost 1 percent in the last year, marking a tally of 52.7 million.
“Serious mortgage delinquency rates continue to drop to new post-recession lows, indicating there may be opportunities to responsibly expand access,” said Joe Mellman, SVP and Mortgage Business Leader at TransUnion.
Here’s what else is scheduled for the week ahead:
- National Association of Realtors Existing Home Sales Report, Wednesday, 10 a.m. EST
- MBA Mortgage Applications Survey, Wednesday, 7 a.m. EST
- Leading Economic Indicators Index, Thursday, 10 a.m. EST
- Fed Balance Sheet, Thursday, 4:30 p.m. EST
