Missed Mortgage Payments Are Back on the Rise

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Missed Mortgage Payments Are Back on the Rise

Missed Mortgage Payments Are Back on the Rise

HELOC’s are due to reset and are going to hit with brute force!

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For several quarters, lenders have been reporting low and falling delinquency rates for credit card, mortgage and auto loan borrowers, and that positive trend has opened up credit products to consumers with lower credit scores. That may be starting to shift. A greater share of mortgages were 30 to 59 days past due in the fourth quarter of 2013 than at the same time in 2012, and bank risk professionals expect credit card and auto loan delinquencies to follow suit.

Growing Concern: At the end of 2012, 2.05 percent of outstanding mortgages were at least 30 days delinquent, which was down from 2.39 percent in 2011. But at the close of 2013, the delinquency rate rose slightly, to 2.13 percent, according to data from the Experian-Oliver Wyman Market Intelligence Reports. Using Experian’s IntelliView tool to sort the data, the bump in

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One Response to “Missed Mortgage Payments Are Back on the Rise”

  1. GuyFawkesLives says:

    So, what this is saying is that Americans are flat broke…..uh, no shit?

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