Mortgage loan delinquency rate drops dramatically

pdSt. Paul, MN: Many signs point to an improving housing market. Steady job games, and rising home values appears to be helping to keep more people current on their mortgage loans.

The number of home owners at least two months behind on their mortgage payments fell by 21% for the first three months of 2013 versus the first three months of 2012, according to a report from Trans Union, one of the major three credit bureaus.

This large drop in delinquent mortgage payments is the biggest quarterly drop since Trans Unions records started tracking this in 1992.


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