Mortgage and credit-card delinquency rates should decline next year, ending a trend of...

|By:, SA News Editor

Mortgage and credit-card delinquency rates should decline next year, ending a trend of unprecedented year-over-year increases that began in 2006, TransUnion says in its 2010 outlook this morning. Mortgage loans 60+ days overdue will decline to 6.39% from a current 6.56%, due in part to more conservative underwriting standards, and as problem mortgages work their way out of the system.