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TransUnion: Fewer Texans behind on mortgage paymentsTransUnion: Fewer Texans behind on mortgage paymentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=114562015-12-11T06:00:00Z2015-12-11T16:00:00Z

​​​​HOUSTON – TransUnion reported this week that fewer Texans are behind on their mortgage payments and that consumer lending nationwide may be fully recovered from the last recession by the end of 2016. 

In Texas, the 60-day mortgage delinquency rate is forecast as 2.29 percent for the end of this year, down from 3 percent at the end of 2014 and 5.57 percent at the end of 2009, when mortgage delinquency peaked in the state. TransUnion predicts the rate will drop further to 1.79 percent by the end of next year.

The state's 90-day credit card delinquency is expected to remain stable at 1.69 percent for the end of 2015, comparable to 1.66 percent last year. It's expected to end at 1.68 percent next year.

The oil price slump has not had much impact on these delinquency rates, according to Ezra Becker, vice president of research and consulting for TransUnion.

Nationwide, the 60-day mortgage delinquency rate is forecast to decline to 2.06 percent at the end of next year from 2.5 percent at the end of this year. The 90-day credit card delinquency rate is expected to be 1.46 percent at the end of 2016, which would mark the fourth consecutive year of delinquency rates under 1.5 percent. 

Houston Chronicle
Texas
Economy
http://www.chron.com/business/article/Fewer-Texans-fall-behind-on-mortgage-payments-6686416.phpRead more at {Source}

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