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 …