Consumer Credit Market Expected to Remain Strong in 2018 Even in a Rising Rate EnvironmentTransUnion forecast finds mortgage loan delinquency rate may reach lowest.
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Low unemployment rates and continued positive growth in both GDP and real disposable income are among the key drivers that will propel the U.S. consumer credit market in 2019. Partly due to the strong performance of these economic indicators, TransUnion’s (NYSE: TRU) 2019 consumer credit forecast found that originations and consumer balances are.
The mortgage. credit data from virtually every credit-active consumer in the U.S. It s encouraging to see the mortgage delinquency rate drop for two consecutive years, but at the same time,
TransUnion: Mortgage delinquencies will fall to record lows in 2018. also shows that consumer-level mortgage delinquency rates have now declined in nearly every quarter since peaking at 7.21%.
Mortgage delinquencies are continuing to fall, hitting a new low in the second quarter, a report from TransUnion, one of the three largest credit reporting agencies in the U.S., showed.. This.
While national serious delinquency rates (the ratio of all accounts 90 or more days past due for all non-mortgage. credit usage and the sheer size of the consumer market present good opportunities.
Consumer credit markets continued their strong performance in the third quarter, according to TransUnion’s (NYSE: TRU) Q3 2015 industry insights report.mortgage delinquency rates maintained their trend of double-digit annual declines, while both auto loans and credit cards showed signs of strength through stable default rates and balance growth.
TransUnion released its annual forecasts today on two primary consumer credit variables — mortgage and credit card delinquency rates. The national mortgage loan delinquency rate is projected to.
Using different data than the Federal Reserve (which uses Consumer Credit Panel. of 2010 to a low of 1.83% in the fourth quarter of 2017. TransUnion predicts that in 2018 the mortgage delinquency.
Instead, the 90-day delinquency rate for the four types of consumer credit – auto, credit card, student loans, and "other" debt – has been moving up for two years, rising from a post-recession low.
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"Low delinquency rates on home mortgages are a contrast to the rising delinquency rates on consumer credit," said Nothaft. "While home mortgage delinquency rates are at, or are near, their lowest levels in two decades, delinquency rates for auto and student loans are higher now than they were during the early and mid-2000s."