April 23, 2025 1:57 am
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Late mortgage-loan payments decline in Arizona

mortgagesBy Russ Wiles | The Republic | azcentral.com

Jobs, home prices and interest rates have led to a big improvement in Arizona’s mortgage-delinquency rate, and the positive trend will continue into next year.

That’s the outlook from credit-researcher TransUnion, which says the proportion of Arizona home borrowers 60 or more days past due on their payments will fall from to 3.27 percent at the end of this year compared with 5.11 percent at the end of 2012, with a projection for further easing to 3.14 percent by December 2014.

Arizona’s credit-card delinquency rate will stay flat next year, according to the TransUnion forecast, but already is near historically low levels.

Continued:

Related:  Bank of America to Pay $131.8 Million Penalty in Mortgage Deals

 

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