TransUnion: Residential Delinquencies Up 62%

A TransUnion analysis of consumer loan data finds that residential home loan delinquencies have risen for five straight quarters, with 3.23% of borrowers being at least 60 days behind on their mortgage payments in the first quarter. This was up 62% from the level recorded in the first quarter of last year, TransUnion said. States with the highest 60-day delinquency rates in the TransUnion data were Nevada and Florida. On the bright side, Keith Carson, a senior consultant in TransUnion's financial services group, said the quarter-to-quarter increase was smaller than that of the fourth quarter.

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