Mortgage delinquencies should drop a steep 20% in 2011, to 5% of mortgages from 6.2%, TransUnion...

|By:, SA News Editor

Mortgage delinquencies should drop a steep 20% in 2011, to 5% of mortgages from 6.2%, TransUnion says - though that number would still be historically high: "We think that the mortgage industry isn't out of the woods yet, but it's starting to move in a better direction." The agency says credit-card delinquencies will keep falling, but not as sharply.