Tim Martin
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Tim Martin

Late-payment rate on mortgages tumbles in 1Q

"We certainly expected improvement this quarter, as the housing sector is in recovery, but the magnitude of the improvement was unexpected," Tim Martin, TransUnion's group vice president of U.S. housing, said in a statement. UNDER WATER: When is it worth walking away from a mortgage? All ...

Mortgage delinquencies to remain high in 2013

The delinquency rate would fall to about 2.5%, down from more than 5%, if those borrowers were excluded, says Tim Martin, TransUnion vice president. Before the foreclosure crisis and housing bust, the normal mortgage delinquency rate was about 1.5% to 2%, TransUnion says. The company ...

Feeling Good About Housing, With Old Mortgages Being the Buzzkill

"The national mortgage delinquency rate experienced its largest yearly decline since the conclusion of the recession, though we still remain far above normal levels," says Tim Martin, group vice president of U.S. housing at TransUnion. "For the most part, newer vintage mortgage loans are ...

TransUnion: National Mortgage Loan Delinquency Rates Continue to Drop, Down 9% in 2012

"While it is a positive sign to see mortgage delinquency rates decrease, meaning more and more homeowners were able to make their mortgage payments, the rate of the decline is still not at a pace that will push levels significantly closer to pre-recession norms," said Tim Martin, group ...

More borrowers will struggle to pay off home equity loans

Additionally, foreclosure timelines continue to expand in many states, keeping longer vintage delinquencies in the system," said TransUnion's Tim Martin...

TransUnion: Improving housing market helps lower rate of late ...

"We certainly expected improvement this quarter, as the housing sector is in recovery, but the magnitude of the improvement was unexpected," Tim Martin, TransUnion's group vice president of U.S. housing, said in a statement. All told, the mortgage delinquency rate was 4.56 percent in the ...

Late-payment rate on mortgages fell in 2Q

"So as prices come up, more and more of those people come off the cusp and are actually able to take advantage of those low rates," said Tim Martin, TransUnion's group vice president of U.S. housing. The rate of late payments on home loans has been steadily improving over the past four ...

Late-Payment Rate On Mortgages Tumbled In 1Q : NPR

"We certainly expected improvement this quarter, as the housing sector is in recovery, but the magnitude of the improvement was unexpected," Tim Martin, TransUnion's group vice president of U.S. housing, said in a statement. All told, the mortgage delinquency rate was 4.56 percent in the ...

Late Payments On Mortgages Hit 3-Year Low In 2Q : NPR

"More people are making their payments, and that's great," said Tim Martin, group vice president of U.S. housing for TransUnion. "I expected a little bit better, but maybe we'll see some more of that pick up in (the third quarter). " Even as housing trends turned positive earlier this ...

Late-payment rate on US mortgages hits 4-year low

Home loans taken out in 2008 or earlier account for 60 percent of all U.S. mortgages, and they make up 90 percent of all mortgages that are at least two months late, said Tim Martin, group vice president of U.S. housing for TransUnion. Many of those loans have gone unpaid for years, but ...

Late-payment rate on mortgages down in 3Q

Loans made in the years after the housing boom are generally being paid on time, so as more of the older loans listed on banks' books as unpaid get resolved, the overall mortgage delinquency rate should continue to decline, said Tim Martin, group vice president of U.S Housing for ...

TransUnion: National Mortgage Loan Delinquency Rate Continues Torrid Decline in Q2

"This marks the third quarter in a row where we have posted all-time highs in terms of delinquency improvement and that is very welcome news for both borrowers and their lenders," said Tim Martin group vice president of U.S. Housing in TransUnion's financial services business unit. "Many ...

TransUnion: Credit quality of mortgage borrowers nationwide has improved

"Borrower credit quality is improving in general, but if you just look at mortgages, the ones originated recently are doing great," said Tim Martin, a TransUnion group vice president. The credit information provider, in a study of 52 million mortgages, found that mortgages originated ...

TransUnion: National Mortgage Loan Delinquency Rate Continues Downward Track in Third Quarter

"Continued declines in mortgage delinquency rates are a welcome sign and reflect that relatively more homeowners are able and willing to make their mortgage payments each month," said Tim Martin, group vice president of U.S. Housing in TransUnion's financial services business unit. ...

Late-payment rate on mortgages declined in 3Q

"People used to pay their mortgage first, and now they pay their auto and their credit cards before their mortgage," said Tim Martin, group vice president of U.S. housing for TransUnion. "We think that's probably still in place. " Even so, some homeowners are benefiting from the gradual ...

Mortgage Delinquencies Expected To Decline

"TransUnion expects the national mortgage delinquency rate to continue its downward trend, though we see a few obstacles in 2014 that will limit the decline and keep it well above 'normal' levels," said Tim Martin, vice president of TransUnion's financial services business unit. The ...

As economy improves, home deliquency rates decline, report says

TransUnion’s group vice president for domestic housing Tim Martin said the improvement marks the seventh consecutive quarter of improvement for the figure. There’s good news in the foreclosures area as well as those numbers are also down significantly, the report said. According to ...

TransUnion forecasts national delinquency rate will drop for fifth straight year

"TransUnion expects the national mortgage delinquency rate to continue its downward trend, though we see a few obstacles in 2014 that will limit the decline and keep it well above 'normal' levels," said Tim Martin, group vice president of U.S. housing in TransUnion's financial services ...

Delinquency Improvements Expected to Slow

TransUnion's group vice president of U.S. Housing Tim Martin said the company sees a few obstacles that will slow the delinquency rate's return to more normal levels. "The primary reason for the slowdown will be the pending rise in interest rates, which may hinder home sales while also ...

Report: Delinquency Rate Continues to Plunge

“This isn’t a sample data set,” said Tim Martin, group VP of U.S. Housing for TransUnion’s financial services business unit. “We looked at all 52 million installment-based mortgages in the U.S. and the trend is clear—the percentage of borrowers willing and able to make their mortgage ...

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