TransUnion, a national credit reporting agency, has released data that shared that the national mortgage loan delinquency has declined almost 21 percent from the first quarter of 2012 to the same time period in 2013, with current numbers boasting 4.56 of all borrowers are delinquent on their mortgages. The term delinquency is characterized by a mortgage 60 days or more past due. The Memphis local movers are informed that the industry professionals predict that the declines will continue as the market strengthens throughout the duration of 2013.

While positive gains were hoped for and expected in the mortgage arena, the amount of growth that the nation has seen for mortgage health has far exceeded the expectations of many. We will keep you posted on the state of local real estate as it emerges.