Low Mortgage Delinquency Levels Stabilize Consumer Credit Market

Consumer credit markets continued their strong performance in the third quarter, according to TransUnion’s (NYSE: TRU) Q3 2015 Industry Insights Report.mortgage delinquency rates maintained their trend of double-digit annual declines, while both auto loans and credit cards showed signs of strength through stable default rates and balance growth.

"The low delinquency rates on home mortgages are a contrast to the rising delinquency rates on consumer credit. While home mortgage delinquency rates are at, or are near, their lowest levels in.

 · Chicago – TransUnion’s quarterly analysis of trends in the mortgage industry found that national mortgage loan delinquency rate (the ratio of borrowers 60 or more days past due) decreased again in the second quarter of 2010, suggesting that the credit conditions in the housing sector have now begun to stabilize.

Low Mortgage Delinquency Levels Stabilize Consumer Credit Market – DSNews Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015,

Mortgage delinquency rates maintained their trend of double-digit annual declines, while both auto loans and credit cards showed signs of strength through stable default rates and balance growth.

But the low mortgage delinquency rates don’t necessarily mean that we’re not headed for a recession. It’s just that this time around, the housing market is unlikely to be at the root and.

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“The low delinquency rates on home mortgages are a contrast to the rising delinquency rates on consumer credit. While home mortgage delinquency rates are at, or are near, their lowest levels in two ..

U.S. Consumer Credit Market Poised for More Growth in 2019. delinquency rates remain at either low or ‘normal’ levels, and lenders have confidence to open up their portfolios to slightly.

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The credit card delinquency rate reached 1.46% in Q2 2017, up 13.2% from 1.29% in Q2 2016. This brings the card delinquency rate above the average Q2 delinquency reading of 1.27% for the last three years. While this increase may seem large, delinquency levels remain well below the 3% delinquency rates observed after the recession.

TransUnion: Mortgage delinquencies will fall to record lows in 2018. The credit reporting agency’s report also shows that consumer-level mortgage delinquency rates have now declined in nearly.

However, the delinquency rate only dropped to 6.67 percent-a level marginally. decline in mortgage delinquency gives further credence to the notion that the credit market is stabilizing. Although.