Tag Archives: TransUnion

TransUnion’s 2017 Consumer Credit Market Forecast spells good news for serious mortgage loan delinquency rates. What do they anticipate for 2017?

What drove the decline in mortgage delinquencies and increase in mortgage balances in Q3?

Why are mortgage delinquency rates falling when delinquency rates in other consumer finance categories are rising?

An analysis revealed that rental-related collection records and prior evictions can be highly predictive of renters' future behavior.

The share of mortgage loans 60 days or more overdue dropped by nearly a third to close the year. What drove the decline?

It has been more than seven years since the mortgage crisis hit the country. What will the market look like at the end of 2016?

Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015, which contributed to the strong performance of consumer credit markets during Q3, according TransUnion’s Q3 2015 Industry Insights Report released Monday.

“It’s important for all people to understand the effect of life milestones on their credit so they can put themselves in a position to reach personal and financial goals," said Ken Chaplin, SVP at TransUnion. "This survey reveals that many people, especially younger adults, may not be prepared for how certain events, such as marriage, buying a home or getting a car could alter their credit scores.”

All 10 of the largest metro areas and 48 states reported double-digit year-over-year declines in the percentage of seriously delinquent mortgages in Q2, according to TransUnion. The metro areas that experienced the largest declines were Miami (40 percent, down to 5.31 percent) and Los Angeles (29.1 percent, down to 2.07 percent).

The study found that only about 18 percent, or 1.3 million, out of the 7 million impacted consumers had recovered enough by December 2014 to meet agency credit underwriting guidelines. The study also determined, however, that 2.2 million of the remaining 5.7 million consumers could potentially meet those underwriting guidelines over the next five years.