Mortgage Delinquencies Likely To Fall in 2012

New York, NY, Dec. 7, 2011 -- Mortgage delinquencies should decline substantially next year assuming the economy doesn't tip into recession, according to credit reporting agency Transunion.

Mortgage delinquency rates are likely to rise early next year to about 6% but fall afterward, Transunion said.

By the end of next year, the percentage could drop to 5%, TransUnion said.

Banks are expected to get a good share of pending foreclosures off their books next year, the company said.