Personal Finance Advice and Commentary

Foreclosures and mortgage delinquencies declined significantly at the end of 2012, but they are far from “normal.”

A recovering housing market is improving the repayment rate among borrowers.

U.S. bank risk managers expect lower delinquencies and an adequate new supply for more types of consumer loans.

The percentage of delinquent mortgages declined and fewer loans were in foreclosure in the last quarter of 2011, says the Mortgage Bankers Association. About 7.58 percent of outstanding mortgages were past due in the fourth quarter, a decline of 41 basis points on the seasonally adjusted delinquent rate. When compared to the first quarter of