TransUnion expects the pace of mortgage delinquency to drop to 4.98 percent by the end of next year from 6.21 percent at the end of 2010. The rate would still top historical levels of 1.5 percent to 2 percent.
The firm, which analyzed 27 million randomly selected consumer records, believes the decrease could buoy the economy.
Source: NASDAQ, Aparajita Saha-Bubna(12/07/10)
© Copyright 2010 Information Inc.
Tuesday, December 7, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment