Percentage of delinquent home mortgages down

5/10/2012

LOS ANGELES -- The percentage of U.S. homeowners behind on their mortgage payments dropped in the first three months of this year to the lowest level since 2009, according to a new report.

Some 5.78 percent of the nation's mortgage holders were behind on their payments by 60 days or more in the January-to-March quarter, credit reporting agency TransUnion said Wednesday.

That's down from 6.19 percent in the same period last year.