Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Consumers are expected to get better control on their mortgage and credit-card payments next year as the economy slowly improves.
Chicago-based credit reporting firm TransUnion predicts that delinquencies, or late payments, on the two biggest major forms of borrowing will drop sharply again in 2011, after substantial declines seen in the second half of this year. Get the full story »
Late mortgage payments jumped sharply several Northeastern states during the third quarter, compared with a year ago, while the national delinquency rate rose at a far slower pace.
The rate of borrowers who were 60 days or more past due on their home loans jumped sharply in New York, New Jersey, Maine, Connecticut and Delaware, according to TransUnion. Pennsylvania, Vermont, Rhode Island, Maryland and New Hampshire also saw higher delinquency in the quarter. In Illinois the rate of late payments jumped to 6.55 percent in the third quarter from 5.95 percent a year ago, a 10.1 percent increase. Get the full story »
