I always find these sorts of stories interesting- experts crunching data without any feel for the “man on the street”.

Based on credit performance of 27m consumers, national credit bureau TransUnion projects mortgage delinquencies of 60 or more days to drop nearly 3% by year-end 2010 to 6.39%, from an expected 6.56% at year-end 2009.

Recent years marked a series of “unprecedented” year-on-year increases, TransUnion said, with delinquencies rising in the the 11th straight quarter during Q309.

“Tied directly to anticipated unemployment rates and housing values, the decrease in delinquencies should be gradual…

Read more here.

I am not saying that we won’t see TransUnion’s findings come to fruition.  In fact, I earnestly hope that we will see mortgage delinquencies decline in 2010- that would be wonderful news for anyone that owns a home in our great country.  However, it seems like these sorts of findings are intended to rally the economy and not actually report on our current state.  I mean, they are simply speculating based on mathematical equations and probability.

I am not knocking TransUnion- I hope they are right.  But as you talk to your family, friends and neighbors do you get the feeling that things are really turning around?

This entry was posted on Tuesday, December 8th, 2009 at 11:25 am and is filed under Consumer Information, Market Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.