Thursday, December 08, 2011

Mortgage Delinquencies to Rise & Fall in 2012

According to TransUnion, click here, borrowers who are 60 or more days past due on their mortgages will decline from approximately 6% of all borrowers at the end of 2011 to 5% by the end of 2012.

This is fantastic news and shows that we are slowly emerging from the ever present effects recession.

Lets hope that this is a precursor to increased home sales. With less people talking foreclosure, consumer confidence should raise and people will feel safer making the large purchase of a new home. Here comes a better tomorrow.