With the continued increase in mortgage defaults and conversly, the decrease in the rate of foreclosure, one has to wonder what the lenders believe they will benefit f rom not foreclosing on defaulted loans. … In California, there are plenty of cash buyers, well qualified conventional loan buyers and a large amount of FHA qualified buyers, willing and able to buy t he available inventory….
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TransUnion Sees Delinquency Rise for 11 Quarters
The number of consumers delinquent on their mortgages but current on their credit cards rose to 6.6% in the third quarter of 2009 from 4.3% in the first quarter of 2008, according to a TransUnion study of 27 million anonymous consumer ...
The only downsides we can see? You have to have a higher balance (above $5000) to avoid fees on the account, and the opening balance has to be at least $1500. Since those amounts are not an issue for us, and they have one of the higher ...
News: Mortgage Delinquencies Continue to Rise According to TransUnion. Statistics recently reported to the public state 6.89 percent of mortgage payments were 60 days or more past due in the fourth quarter of 2009 according to ...