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Tue, 11 Jun 2013 10:00:00 GMT |
TransUnion Healthcare: Patient Payment Responsibility Increased 22 Percent in 2012; Available Consumer Credit to Help Cover Costs Remained Flat
CHICAGO, IL--(Marketwired - Jun 11, 2013) - A new TransUnion Healthcare report found that average patient payment responsibility -- out-of-pocket costs -- on key medical procedures has grown nearly 22% in the last year, increasing from $1,678 in Q4 2011 to $2,042 in Q4 2012. In that same timeframe, the average consumer's total revolving credit line on products such as bank-issued credit cards, store credit cards and home equity loans has remained essentially flat, dropping from $...
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Tue, 04 Jun 2013 08:00:00 GMT |
TransUnion: Personal Debt Levels Experience First Quarterly Drop Since 2011; Largest Decline Since 2004
TORONTO--(Marketwired - Jun 4, 2013) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) in Q1 2013 decreased 2% to $26,935, the first quarterly decline since Q3 2011 and the largest one observed since TransUnion began tracking the variable in 2004.
Despite the quarterly decline, total debt is still 3.48% higher than the $26,029 total observed in Q1 2012. The year-over-year increase, though, was lower t...
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Tue, 21 May 2013 10:00:00 GMT |
TransUnion: Credit Card Delinquencies and Debt Open 2013 With Declines
CHICAGO, IL--(Marketwired - May 21, 2013) - The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) decreased to 0.69% in Q1 2013 from 0.73% in Q1 2012. The delinquency rate experienced a sharp 18.8% seasonal decline from the end of 2012, when it stood at 0.85%.
Average credit card debt per borrower also dropped 1.7% to $4,878 in Q1 2013 from $4,962 in Q1 2012. On a quarterly basis, card debt decreased 4.8% from $5,122 in Q4 2012.
This i...
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Tue, 14 May 2013 15:00:00 GMT |
TransUnion Housing Analysis Finds Mortgage Delinquency Rate More Closely Resembles Low Levels of 2003
CHICAGO, IL--(Marketwired - May 14, 2013) - A new TransUnion analysis found that stubbornly high mortgage delinquency rates may actually be as low as those observed 10 years ago when taking into account mortgages that have remained in the system for 180 days or more. This information was revealed today during a presentation at TransUnion's Financial Services Summit.
Earlier this month, TransUnion reported that the mortgage delinquency rate (i.e., the rate of borrowers 60 or mo...
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Wed, 08 May 2013 10:00:00 GMT |
TransUnion: National Mortgage Loan Delinquency Rate Experiences Largest Quarterly and Yearly Drops on Record
CHICAGO, IL--(Marketwired - May 8, 2013) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) in Q1 2013 dropped 21% versus last year; and now stands at 4.56%. Since last quarter, the mortgage delinquency rate declined 12%. Both on a year-over-year and quarter-over-quarter basis, this is the best improvement in mortgage delinquency since TransUnion began observing the data point in 1992.
"We are pleased to report that the nationa...
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Tue, 26 Feb 2013 11:00:00 GMT |
TransUnion: National Auto Loan Delinquency Rate Ends Year at Near Record Low
CHICAGO, IL--(Marketwire - Feb 26, 2013) - The national auto loan delinquency rate (the ratio of borrowers 60 or more days past due) continued to remain near historic low levels in the fourth quarter of 2012 ending the year at 0.41%. While the delinquency rate rose from 0.38% in Q3 2012, it has dropped five basis points from the end of 2011 when the delinquency rate was 0.46%.
Continuing a recent trend, bank auto debt per borrower rose for the seventh straight quarter, i...
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Wed, 20 Feb 2013 11:00:00 GMT |
TransUnion: Consumers Take on More Credit Card Debt; Delinquency Rate Ticks up in Q4
CHICAGO, IL--(Marketwire - Feb 20, 2013) - The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) increased to 0.85% in Q4 2012 from 0.78% in Q4 2011. The delinquency rate is also up from the third quarter, when it stood at 0.75%.
Average credit card debt per borrower has dropped 1.6% to $5,122 in Q4 2012 from $5,204 in Q4 2011. On a quarterly basis, card debt rose 2.5% from $4,966 in Q3 2012.
This information is reported by TransUn...
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Tue, 12 Feb 2013 11:00:00 GMT |
TransUnion: National Mortgage Loan Delinquency Rate Drops Nearly 14% in 2012
CHICAGO, IL--(Marketwire - Feb 12, 2013) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the fourth consecutive quarter, dropping from 5.41% in Q3 2012 to 5.19% in Q4 2012. On a year-over-year basis, the mortgage delinquency rate has declined nearly 14% from 6.01% in Q4 2011.
"The national mortgage delinquency rate experienced its largest yearly decline since the conclusion of the recession, though we still remain far above no...
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Tue, 05 Feb 2013 11:00:00 GMT |
TransUnion: Personal Debt Levels Continue to Soar to Record High Levels
TORONTO--(Marketwire - Feb 5, 2013) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) increased nearly 6% from $25,960 at the end of 2011 to $27,485 in Q4 2012. The year-over-year increase was the largest of its kind for a fourth quarter since 2009. On a quarterly basis, national debt levels rose 2.7%, the largest such increase between the third and fourth quarters since 2008.
"Increases in person...
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Wed, 30 Jan 2013 11:00:00 GMT |
TransUnion Study Finds More Than Half of Student Loans in Deferment; High Unemployment Rates Put Loans at Risk
CHICAGO, IL--(Marketwire - Jan 30, 2013) - A recent TransUnion study has revealed that more than half of student loan accounts are in deferred status, where the repayment of the principal and interest of the loan is temporarily delayed. Deferred loans now represent 43.5% of all student loan balances. The study also found that reported student loan balances increased by 75% between 2007 and 2012, with the average student loan debt per borrower increasing 30% to $23,829.
"With the ec...
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Tue, 18 Dec 2012 11:00:00 GMT |
TransUnion's 2013 Auto Loan Forecast Calls for Low Delinquency Rate, Spike in Debt
CHICAGO, IL--(Marketwire - Dec 18, 2012) - TransUnion released its annual national auto loan delinquency forecast today indicating that the ratio of borrowers 60 or more days past due will remain near record-low levels throughout 2013. TransUnion also forecasts that auto debt per borrower will continue its uptrend next year, jumping from an expected $13,689 in Q4 2012 to $14,133 at the end of 2013, a sign that auto financing will continue to grow as new and used car sales increase.
...
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Wed, 12 Dec 2012 11:00:00 GMT |
TransUnion Forecasts Mortgage Delinquency Rate to Stay Above 5% in 2013; Credit Card Delinquencies Expected to Remain Low
CHICAGO, IL--(Marketwire - Dec 12, 2012) - TransUnion released its annual forecasts today on two primary consumer credit variables -- mortgage and credit card delinquency rates. The national mortgage loan delinquency rate (the ratio of borrowers 60 or more days past due) is projected to decline to 5.06% by the end of 2013 from an estimated 5.32% at the conclusion of 2012. TransUnion forecasts mortgage delinquencies, a statistic generally considered to be a precursor to foreclosure, wi...
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Tue, 27 Nov 2012 11:02:00 GMT |
TransUnion: National Auto Loan Delinquency Rate Rises, Though Remains Relatively Low
CHICAGO, IL--(Marketwire - Nov 27, 2012) - The national auto loan delinquency rate (the ratio of borrowers 60 or more days past due) rose from 0.33% in Q2 2012 to 0.38% in Q3 2012, though it remains near historic low levels. One year ago, the auto loan delinquency rate was 0.47%.
While auto loan delinquency rates remain relatively low, bank auto debt per borrower continued to rise, increasing 5% from $12,902 in Q3 2011 to $13,571 in Q3 2012.
This information is r...
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Mon, 19 Nov 2012 11:01:00 GMT |
TransUnion: Credit Card Delinquency Rates, Balances Rise in Third Quarter
CHICAGO, IL--(Marketwire - Nov 19, 2012) - The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) increased slightly to 0.75% in Q3 2012 from 0.71% in Q3 2011. This rate had been 0.63% in Q2 2012, a seasonal low.
Average credit card debt per borrower also increased on a yearly basis by 4.91%, rising to $4,996 in Q3 2012 from $4,762 in Q3 2011. On a quarterly basis, average credit card debt was up 0.50% relative to Q2.
This information is...
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Wed, 14 Nov 2012 11:00:00 GMT |
TransUnion: Personal Debt Levels Balloon to Highest Levels Ever
TORONTO--(Marketwire - Nov 14, 2012) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) increased at its greatest rate in nearly two years, jumping 4.6% in Q3 2012 to $26,768. The nation experienced both its largest quarterly (2.1%) and annual (4.6%) growth since Q4 2010.
In the last five years between Q3 2007 and Q3 2012, inflation as measured by the Consumer Price Index has risen 9%, yet total consumer...
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Tue, 13 Nov 2012 11:00:00 GMT |
TransUnion: National Mortgage Loan Delinquency Rate Continues Downward Track in Third Quarter
CHICAGO, IL--(Marketwire - Nov 13, 2012) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined slightly for the third consecutive quarter, dropping from 5.49% in Q2 2012 to 5.41% in Q3 2012. On a year-over-year basis, the mortgage delinquency rate has declined nearly 8% from 5.88% in Q3 2011.
This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and ho...
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Wed, 17 Oct 2012 10:00:00 GMT |
TransUnion Study on Credit Monitoring Reveals Consumers Taking an Active Role
CHICAGO, IL--(Marketwire - Oct 17, 2012) - A new TransUnion study has found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own credit.
The study found that consumers who monitor their credit in any given credit score range not only open far more new accounts than those who do not, but it may indicate that these consumers recognized the importan...
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Wed, 10 Oct 2012 10:02:00 GMT |
TransUnion: Rental Prices Rise Slightly in August
CHICAGO, IL--(Marketwire - Oct 10, 2012) - Rental prices increased marginally in August -- traditionally one of the year's busiest rental months -- compared to the same period in 2011, according to a new TransUnion analysis on rental market trends. Average rental prices for the nation increased 1.1% from $876 to $886. However, rental prices increased most in Level C (2.6%) and Level D (7.3%) units, apartments often associated with those found in college towns.
While...
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Thu, 23 Aug 2012 10:00:00 GMT |
TransUnion: Personal Debt Levels Shifting Back to Growth Mode
TORONTO--(Marketwire - Aug 23, 2012) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) rose modestly, increasing by $192 in Q2 2012 to $26,221. Although this continues the trend of inflationary growth seen in the past five quarters, Q2 2012 is still the highest debt level per person seen to-date. The nation has now experienced consecutive quarters of accelerated growth when comparing both quarter over quarter (0...
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Tue, 21 Aug 2012 10:00:00 GMT |
TransUnion: National Auto Loan Delinquency Rate Hits New Record Low for Second Consecutive Quarter
CHICAGO, IL--(Marketwire - Aug 21, 2012) - For the second consecutive quarter, the national auto loan delinquency rate (the ratio of borrowers 60 or more days past due) hit its lowest level since TransUnion began tracking the data in 1999. Auto loan delinquency rates in Q2 2012 dropped to 0.33%, down from 0.36% Q1 2012. On a year-over-year basis, auto loan delinquencies declined 25% from 0.44% in Q2 2011. This information is reported by TransUnion and is part of its ongoing series of quarter...
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Tue, 14 Aug 2012 10:00:00 GMT |
TransUnion: Credit Card Originations up While Delinquency Rates, Balances Remain Near Record Lows
CHICAGO, IL--(Marketwire - Aug 14, 2012) - The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) dropped to 0.63% in Q2 2012 from 0.73% the previous quarter. The credit card delinquency rate is at its lowest level since reaching 0.60% one year ago in Q2 2011. Prior to that, the last time the credit card delinquency rate was below its current level was in Q4 1994 (0.61%).This information is reported by TransUnion and is part of its ongoing series of quarte...
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Wed, 08 Aug 2012 10:00:00 GMT |
TransUnion: National Mortgage Loan Delinquency Rates Continue to Drop, Down 9% in 2012
CHICAGO, IL--(Marketwire - Aug 8, 2012) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) dropped for the second consecutive quarter, declining to 5.49% in Q2 2012. The mortgage delinquency rate has now dropped nearly 9% in the first six months of this year. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgag...
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Thu, 28 Jun 2012 10:01:00 GMT |
TransUnion National Rental Survey Finds Property Managers Faring Much Better Than Last Year
BOSTON, MA--(Marketwire - Jun 28, 2012) - A new TransUnion survey found that both large and small property managers are faring better than they did one year ago and are more easily attracting residents while increasing rental prices.
The survey of 1,248 property managers across the country took place in early June and is being released during the 2012 National Apartment Association Education Conference & Exposition in Boston. The breakdown of survey respondents inclu...
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Thu, 21 Jun 2012 10:00:00 GMT |
TransUnion: Consumers With Mortgage Mods Outperform Those Without on New Loans, Despite 60% of Mods Going Delinquent Within 18 Months
CHICAGO, IL--(Marketwire - Jun 21, 2012) - A new TransUnion study has found that consumers who received mortgage modifications outperformed those who did not on new consumer loans that were opened after their initial mortgage delinquency. This improved performance occurred despite the fact that nearly 6 in 10 mortgage modifications went 60 or more days delinquent 18 months following the modification date.The study further re-affirmed that consumers who defaulted only on their mortgages are b...
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Thu, 31 May 2012 10:01:00 GMT |
TransUnion: Canadian Total Debt Remains Flat While Auto Debt Spikes Up
TORONTO--(Marketwire - May 31, 2012) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) grew slowly during Q1 2012, rising only $69 to $26,029. This maintains the trend of relatively slow growth seen in the past five quarters. Since the Q4 2009, Canadians' debt growth, on a year-over-year basis, had been declining. It's lowest growth rate was 0.98% between Q4 2010 and Q4 2011. This first quarter marks a reversal in th...
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Wed, 23 May 2012 10:00:00 GMT |
TransUnion: National Auto Loan Delinquencies Hit Lowest Level on Record
CHICAGO, IL--(Marketwire - May 23, 2012) - The national auto loan delinquency rate (the rate of borrowers 60 or more days past due) reached its lowest level since TransUnion began tracking the data in 1999. Auto loan delinquency rates in Q1 2012 dropped to 0.36%, down nearly 27% from Q1 2011 (0.49%). On a quarterly basis, auto loan delinquencies declined almost 22% from 0.46% in Q4 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of cre...
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Wed, 16 May 2012 10:01:00 GMT |
TransUnion: National Credit Card Delinquency Rate Ticks Down, Reversing Two-Quarter Trend
CHICAGO, IL--(Marketwire - May 16, 2012) - The national credit card delinquency rate (the rate of borrowers 90 or more days past due) dropped to 0.73% in Q1 2012 from 0.78% Q4 2011, with current levels well below historical norms. Average credit card debt per borrower decreased $242 from Q4 2011 to $4,962. These decreases reversed a negative trend that saw both the delinquency rate and average debt per borrower rise during the last six months of 2011.Looking at the year-over-year trend, the ...
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Wed, 09 May 2012 10:00:00 GMT |
TransUnion: National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009
CHICAGO, IL--(Marketwire - May 9, 2012) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that began in Q3 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans.
Prior to Q3...
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Wed, 25 Apr 2012 10:01:00 GMT |
TransUnion: U.S. Apartment Rental Prices Rise, Though Declines Seen at Local Level
CHICAGO, IL--(Marketwire - Apr 25, 2012) - A new TransUnion analysis on the apartment rental market found that the average rent for the nation increased 4.4% from $829 in the first quarter of 2011 to $865 in the first three months of 2012. However, many major rental markets experienced declines in prices during this same timeframe.
For the purposes of this analysis and to ensure the validity of the information, national data was collected from property managers utilizing TransUnio...
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Thu, 29 Mar 2012 10:00:00 GMT |
TransUnion Payment Hierarchy Study Finds Consumers Paying Auto Loans Before Credit Cards and Mortgages
CHICAGO, IL--(Marketwire - Mar 29, 2012) - Recent updates to a key TransUnion study found that in 2011 consumers were more likely to pay their auto loans before their credit cards and mortgages. This insight was gained through TransUnion's Payment Hierarchy study update, which also found that the divergence in payment patterns -- where consumers are increasingly apt to pay their credit cards before their mortgages -- has continued for four straight years."The reversal in payment patterns...
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Tue, 28 Feb 2012 11:00:00 GMT |
TransUnion: National Auto Loan Delinquencies Continue Lower to Close 2011; Down 22% for Year
CHICAGO, IL--(Marketwire - Feb 28, 2012) - The national auto delinquency rate (the rate of borrowers 60 or more days past due) decreased on a year-over-year basis for the ninth consecutive quarter, dropping from 0.59% in Q4 2010 to 0.46% Q4 2011. On a quarter-over-quarter basis, auto delinquencies remained essentially flat compared to 0.47% in Q3 2011. This is according to TransUnion's ongoing series of quarterly analyses of credit-active U.S. consumers.The end of 2011 was only the third time...
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Thu, 23 Feb 2012 11:00:00 GMT |
TransUnion: Canadian Total Debt Increases to Close 2011; Holiday Shopping Likely Reason for Rise
TORONTO--(Marketwire - Feb 23, 2012) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) floated up to $25,960 in the fourth quarter of 2011, reversing the recent three-quarter trend of flat to negative growth, but in line with the historical seasonality of the year-end holidays. Despite the quarter over quarter increase of 1.4%, Canada is still experiencing decelerating annual growth falling below 1% for the first time...
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Wed, 22 Feb 2012 11:00:00 GMT |
TransUnion: National Credit Card Delinquencies End 2011 Nearly 5% Lower Than Last Year
CHICAGO, IL--(Marketwire - Feb 22, 2012) - The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. Average credit card debt per borrower increased $239 from the same period last year to $5,204, though it too remains near record-low levels. For the quarter, credit card delinquencies and debt both experienced seasonal ...
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Tue, 14 Feb 2012 11:05:00 GMT |
TransUnion: National Mortgage Loan Delinquencies Increase for Second Time Since 2009
CHICAGO, IL--(Marketwire - Feb 14, 2012) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) increased for only the second time since the end of 2009, edging upward to 6.01% at the end of the fourth quarter in 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans.
Between the thir...
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Thu, 09 Feb 2012 11:00:00 GMT |
TransUnion Rental Screening Data Finds Rental Property Prices Remain Steady, Despite Higher Demand
DENVER, CO--(Marketwire - Feb 9, 2012) - With rental vacancy rates at their lowest levels in 10 years*, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011. The average rent for the nation declined from $831 to $820, though the average deposit increased from $269 to $284.** The information was released today in conjunction with the 2012 TransUnion Property Management Summit held in downtow...
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Wed, 14 Dec 2011 11:00:00 GMT |
TransUnion Forecasts Auto Delinquencies to Remain at Record Low Levels in 2012
CHICAGO, IL--(Marketwire - Dec 14, 2011) - TransUnion released its annual national auto delinquency forecast today indicating that the ratio of borrowers 60 or more days past due will remain the same between the end of 2011 and 2012. Sixty-day auto loan delinquencies are expected to decrease in the first two quarters of 2012 before rising back to 0.51% at the end of the year, finishing at the same percentage as year-end 2011.Auto loan delinquencies have decreased markedly since peaking during...
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Wed, 07 Dec 2011 11:02:00 GMT |
TransUnion Forecasts Mortgage Delinquencies to Rise, and Then Fall in 2012; Credit Card Delinquencies to Remain Steady
CHICAGO, IL--(Marketwire - Dec 7, 2011) - TransUnion released its annual forecasts today on consumer credit, which indicate that national mortgage loan delinquencies (the ratio of borrowers 60 or more days past due) will decline to about 5% by the end of 2012 from just under 6% at the conclusion of 2011. After six consecutive quarterly declines between Q4 2009 and Q2 2011, 60-day mortgage delinquencies are expected to rise through Q1 2012, peaking at 6.02%. TransUnion forecasts mortgage delin...
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Thu, 01 Dec 2011 11:00:00 GMT |
TransUnion: Canadian Total Debt Stabilizes After 6 1/2 Years of Increases
TORONTO--(Marketwire - Dec 1, 2011) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) dropped to $25,594 in the third quarter, marking the third consecutive quarter the variable has either declined or remained stable. Canada had previously experienced 26 straight quarterly increases in average consumer debt between 2Q 2004 and 4Q 2010."The latest quarterly data suggests that Canadian debt loads truly are stabili...
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Mon, 21 Nov 2011 11:05:00 GMT |
TransUnion: National Auto Loan Delinquencies Decrease on a Year-Over-Year Basis for Eighth Consecutive Quarter
CHICAGO, IL--(Marketwire - Nov 21, 2011) - The national auto delinquency rate (the rate of borrowers 60 or more days past due) decreased on a year-over-year basis for the eighth consecutive quarter, dropping from 0.58% in Q3 2010 to 0.47% Q3 2011. However, auto delinquencies rose slightly for the quarter, moving up from 0.44% in Q2 2011. This is according to TransUnion and its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mort...
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Tue, 15 Nov 2011 11:05:00 GMT |
TransUnion: National Credit Card Delinquencies Increase, but Remain Near Record Low Levels
CHICAGO, IL--(Marketwire - Nov 15, 2011) - The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) increased in the third quarter for the first time since the fourth quarter of 2009, edging upward to 0.71 percent. Average credit card debt per borrower increased $63 in the quarter to $4,762, though it remains near record-low levels. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. con...
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Tue, 08 Nov 2011 11:00:00 GMT |
TransUnion: National Mortgage Loan Delinquencies Increase for First Time Since 2009
CHICAGO, IL--(Marketwire - Nov 8, 2011) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) increased for the first time since the end of 2009, edging upward to 5.88% at the end of the third quarter in 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans."Until this quarter, we had seen...
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Wed, 07 Sep 2011 10:00:00 GMT |
TransUnion: Canadians' Debt Loads Appear to Be Stabilizing
TORONTO--(Marketwire - Sep 7, 2011) - TransUnion's quarterly analysis of Canadian credit trends found that the average consumer's total debt (excluding mortgage) continued to stabilize in the second quarter, marking a potential new trend after the country experienced 26 straight quarterly increases between 2Q 2004 and 4Q 2010. Canadians' total debt declined from $25,709 to $25,597 between 4Q 2010 and 1Q 2011 and rose only $6 in the second quarter, coming in at $25,603."After six plus ye...
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Tue, 23 Aug 2011 10:05:00 GMT |
TransUnion: National Auto Loan Delinquencies Decline for Seventh Consecutive Quarter; Remain at Historic Low Levels
CHICAGO, IL--(Marketwire - Aug 23, 2011) - The national auto delinquency rate (the rate of borrowers 60 or more days past due) decreased for the seventh consecutive quarter, dropping to 0.44% at the end of the second quarter in 2011. This is according to TransUnion and its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgage, credit cards and auto loans.Although auto delinquencies were expected to fall since last quarter i...
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Tue, 16 Aug 2011 10:05:00 GMT |
TransUnion: National Credit Card Delinquencies Hit New Record Low
CHICAGO, IL--(Marketwire - Aug 16, 2011) - The national credit card delinquency rate (the rate of borrowers 90 or more days past due) decreased for the sixth consecutive quarter, dropping to 0.6% at the end of the second quarter in 2011. This is the lowest mark observed in 17 years. Credit card debt per borrower increased $20 in the quarter to $4,699, though it remains near record-low levels. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses o...
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Wed, 10 Aug 2011 11:00:00 GMT |
TransUnion: National Mortgage Loan Delinquencies Decline by the Largest Percent Since Recession Ended
CHICAGO, IL--(Marketwire - Aug 10, 2011) - The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) decreased for the sixth consecutive quarter, dropping to 5.82% at the end of the second quarter in 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans.Although mortgage delinquencies were expected ...
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Wed, 27 Jul 2011 10:05:00 GMT |
TransUnion: Consumers Made $72 Billion More in Credit Card Payments Than Purchases
CHICAGO, IL--(Marketwire - Jul 27, 2011) - A new TransUnion analysis found that consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarters of 2009 and 2010. This is in contrast to the belief that charge-offs (where creditors write off debt that they deem is uncollectable as a loss) were the primary driver of lower credit card balances."Many people in the financial services industry believe charge-offs have been the leading fac...
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Fri, 24 Jun 2011 10:10:00 GMT |
TransUnion National Rental Survey Finds Large Property Managers Able to Raise Rates and Attract Reliable Tenants
LAS VEGAS, NV--(Marketwire - Jun 24, 2011) - A new TransUnion survey found that a higher percentage of large property managers (persons managing 201 or more units) were able to increase rental prices last year compared to small property managers (managing 200 or fewer properties). Sixty-four percent of large property managers said rental prices on their units have increased. Thirty-six percent of small property managers indicated an increase.The survey of 1,252 property managers across the co...
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Wed, 01 Jun 2011 10:00:00 GMT |
TransUnion: Total Debt per Canadian Consumer Increased More Than $1,000 in Last Year
TORONTO--(Marketwire - Jun 1, 2011) - TransUnion's quarterly analysis of Canadian credit trends found that total debt per consumer (excluding mortgage) for the nation increased 4.5 percent in the last year (1Q11: $25,597 from 1Q10: $24,497). The report is part of a series of quarterly consumer lending sector analyses focusing on trends in the credit card and automotive lending industry. Leveraging TransUnion's credit database, the information for this analysis is culled quarterly from anonym...
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Tue, 31 May 2011 10:10:00 GMT |
National Auto Loan Delinquency Rate Hits Lowest Level Since TransUnion Began Monitoring Variable
CHICAGO, IL--(Marketwire - May 31, 2011) - According to TransUnion's quarterly analysis of trends in the auto industry, the national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) reached its lowest level since TransUnion began tracking the variable in 1999. For the first quarter of 2011, it stood at 0.49 percent.On a national level, auto loan delinquencies fell 17 percent quarter over quarter (4Q10: 0.59 percent) and 25.8 percent year over year (1Q1...
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Tue, 24 May 2011 10:00:00 GMT |
Life After Foreclosure Study: Mortgage-Only Defaulters Not as Risky as Expected -- Says TransUnion
CHICAGO, IL--(Marketwire - May 24, 2011) - A new TransUnion study revealed that consumers who only defaulted on their mortgage during the economic recession were far better risks than those consumers who went delinquent on multiple credit accounts, e.g. credit cards and auto loans. This was evident across all credit scoring ranges.The results showed that consumers with mortgage-only defaults performed better on new loans than those with multiple delinquencies.60+ days delinquency levels -- n...
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