TransUnion says rate of mortgage holders more than 60 days behind now at 5.19%, primarily driven by older loans.
Credit reporting agency says 9% drop in past six months.
The rate of homeowners behind on their mortgage has dropped to its lowest level in more than three years, according to TransUnion.
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.