TransUnion: Mortgage Delinquencies Down in 1Q to Lowest Level Since 2009

The rate of borrowers past due by 60 days or more on their mortgage payments fell in the first quarter to 5.78 percent, the lowest delinquency rate since 2009, according to TransUnion. The pace was lower in all but eight states, with Florida and Nevada posting the highest rates. TransUnion forecasts a decline in delinquency rates this year as gradual improvements in the economy help more borrowers to repay their home loans. Source: "TransUnion: Mortgage Delinquencies Down in 1Q to Lowest Level Since 2009," Wall Street Journal (05/09/12)