The substantial decline in serious mortgage delinquencies contrasts with other types of loan delinquencies that are on the rise.
Seriously delinquent mortgage loans, those 90 days or more overdue, have declined to the point where they are less than one quarter of what they were at their peak six years ago, according to a new State of the Consumer report from Stephanie K. Mah, Director of Research, Structured Finance, Morningstar Credit Ratings.
The substantial decline in serious mortgage delinquencies contrasts with that of other types of loan delinquencies that are on the rise, such as student loan debt and auto loan delinqucies, Mah reported.
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