More U.S. Mortgage Holders Keep Up With Payments

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/171775231/171704481" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

The credit reporting agency TransUnion says people who took on mortgages well after the housing bust are keeping up with their payments. In part, that's because lenders have tightened borrowing criteria.

LINDA WERTHEIMER, HOST:

NPR's business news starts with more on-time payments.

The mortgage delinquency rate in this country is at its lowest level in four years. The credit reporting agency TransUnion says today that people who took on mortgages well after the housing bust are keeping up with their payments. In part, that's because lenders have tightened the criteria for who can get a loan.

Even with this improvement, the mortgage delinquency rate is still well above where it was before the housing bubble burst. Historically, it's been at 1 to 2 percent. Right now, it's it at a little more than 5 percent.

Copyright © 2013 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.