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TransUnion is reporting that serious mortgage delinquencies rose during the fourth quarter of 2011 for only the second time since the end of 2009. The rate increased 13 basis points from 5.88 percent in the third quarter to 6.01 percent. The increase was widespread; 37 percent of the states reported increases as did 64 percent of metropolitan areas. The latter figure is unchanged from Quarter 3 but up substantially from the 21 MSAs that experienced an increase in Quarter 2. New Jersey and Vermont had the largest annual increases. Their delinquency rates rose between Quarter 4, 2010 and Quarter 4, 2011 by 11.98 percent and 11.11 percent respectively. South Dakota had an increase of 10.36 percent. Arizona, California, and Wyoming had the greatest decreases in their rates, all three in the range...()

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Posted: 2012-02-14 16:58:03

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