Late Mortgage Payments On The Rise

By: Channel 6 News Email
By: Channel 6 News Email

For the first time since 2009, late mortgage payments are on the rise.

The rate that mortgage holders were late with their payments by 60 days or more rose in the June-September period for the first time since the last three months of 2009.

That's according to credit reporting agency "Transunion." It says 5.88% of homeowners missed two or more payments.

The increase came as a surprise to Transunion researchers.

They had previously forecast late payments to fall for the quarter.


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