In an estimated 22 states, mortgage delinquencies are likely to decline in 2010 as tougher standards take effect and lenders remove bad debt from their books, according to credit-information company TransUnion.
TransUnion also expects to see mortgage loans that are 60 or more days overdue decline to 6.39 percent at the end of 2010 from 6.56 in December 2009.
Five states are likely to report increases, led by Florida and Arizona, TransUnion said.
Source: The Wall Street Journal, Tess Stynes (12/08/2009)