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Old 12-04-2008, 06:47 AM   #1099
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Aethyr Engineering

Join Date: Apr 2001
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Delinquent Mortgages Set to Nearly Double in 2009
December 3rd, 2008

Via: Wall Street Journal:

The number of consumers with delinquent mortgages is poised to almost double by the end of next year, hitting its highest level in at least 16 years, according to a leading credit bureau.

TransUnion LLC, which analyzed about 27 million consumer records in its database, predicted that the proportion of consumers with mortgages that are 60 days or more past-due will hit 7.17% in the fourth quarter of 2009.

That would be the highest level reached since the Chicago credit bureau — which is releasing the data on Tuesday — first started tracking …
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