TransUnion: Mortgage Delinquency “Roll Rates” Peaked in Summer of 2009

Posted by Joachim Bartels | Jan 2, 2011 | Consumer Credit Information, Member News, TransUnion, United States, Users of Information | 0 |

CHICAGO, IL–(Marketwire – November 01, 2010) – The number of consumers “rolling” their delinquency status on mortgage payments from 30- to 60 and 60- to 90 days past due peaked in July 2009, according to a new study from TransUnion. Approximately 24.4 percent of consumers who were 30 days past due on their mortgage payments in June 2009 became 60 days past due in July 2009, and nearly 37.6 percent of consumers 60 days delinquent on their mortgage payments became 90 days late in that same time. Source: TransUnion

BIIA Newsletter November II – 2010 Issue

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, managing director and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.