MORTGAGE DELINQUENCY RATE CONTINUES TO DROP

The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) declined for the ninth consecutive quarter to 3.61 percent at the end of Q1 2014, according to TransUnion’s latest mortgage report. The mortgage delinquency rate has declined more than 24 percent in the last year (down from 4.76 percent in Q1 2013), and it is now at the exact same level as it stood in Q2 2008.

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