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Boston Herald

Late-payment rate on mortgages tumbled in 1Q

May 8, 2013

LOS ANGELES ? A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.

The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months of this year versus the same period in 2012, credit reporting agency TransUnion said Wednesday.

The sharp annual decline in the mortgage delinquency rate represents the biggest quarterly drop on record for TransUnion, whose data go back to 1992.

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