Tag Archives: Credit Card Delinquencies Drop in Second Quarter

Fewer U.S. consumers fell behind on their home loans and credit card payments in the second quarter, reports TransUnion. The rate of borrowers 60 days or more past due on their mortgages slipped to 5.49 percent from 5.78 percent in the first quarter of 2012.  TransUnion expects mortgage delinquencies to continue to fall for the rest of the year as the economy slowly improves. “The economy has not grown at a robust rate, but it does continue to slowly improve and we believe the improvement in mortgage drMmelinquencies will follow […]