Consumers have returned to payment patterns that were typical before the Great Recession, according to one of the three nationwide credit reporting bureaus.
Return to pre-recession payment pattern noted by credit bureau.
Credit bureau finds homeowners who receive mortgage modifications more faithful on other loans even if they later default on the mortgage.
TransUnion, one of the three nationwide credit reporting bureaus, has forecast that the U.S. economy will stop adding many more mortgages to the delinquency pool in 2012 and will instead begin to work through the existing housing stock.
Credit reporting bureau says economy will allow existing housing stock to begin to sell.
Credit unions that are being approached for credit from members who have a mortgage default in their history might take some comfort from a new study from TransUnion, one of the three major credit reporting firms in the U.S.
Study finds no strong evidence for "excess liquidity theory" that suggests debtors using cash flow boost to repay other debts.