NEW YORK, NY--(Marketwire - Sep 10, 2012) - The number of U.S. mortgage delinquencies, borrowers who are past due by 60 days or more, have been steadily declining in 2012. TransUnion recently reported that the mortgage delinquency rate has declined for two consecutive quarters and has dropped almost 9 percent during the first half of the year. Five Star Equities examines the outlook for companies in the Property & Casualty Insurance Industry and provides equity research on Genworth Financial Inc. (
The national mortgage delinquency rate fell to 5.49 percent in the second quarter of 2012. TransUnion reported that all but five states saw decreases between the first and second quarter.
"The economy has not grown at a robust rate, but it does continue to slowly improve and we believe the improvement in mortgage delinquencies will follow a similar pattern," said Tim Martin, group vice president of U.S. Housing in TransUnion's financial services business unit. "With steadying home prices, and mortgage interest rates remaining at extremely low levels, it appears that market conditions are set up to allow for further declines in the mortgage delinquency rate."
Five Star Equities releases regular market updates on the Property & Casualty Insurance Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Genworth Financial, Inc., a financial security company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally. For the second quarter of 2012 the company reported net income of $76 million, compared with a net loss of $136 million in the second quarter of 2011.
Old Republic International is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages, principally in the property and liability, mortgage guaranty and title insurance fields. The company's Board of Directors declared a regular third quarter cash dividend of 17.75 cents per share.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: