TransUnion

TransUnion Study Finds 1.5 Million Homeowners Negatively Impacted by Mortgage Crisis Could Re-Enter Housing Market in Next Three Years

Get the study
TransUnion

TransUnion Study Finds 1.5 Million Homeowners Negatively Impacted by Mortgage Crisis Could Re-Enter Housing Market in Next Three Years

Get the study

The Impact of the Housing Bubble and Burst

Eight percent of consumers with a mortgage saw a negative impact

During the mortgage bubble in 2006, 78 million consumers, or 43% of credit-active consumers in the U.S., had a mortgage. More than 8% of these consumers were “impacted,” defined by TransUnion as those who were 60+ days past due on a mortgage loan, lost their mortgage through foreclosure, short sale or other non-satisfactory closure, or had a mortgage loan modification between the Bubble and Burst.

Boomerang Buyers Re-Entering the Market

TransUnion's study found that approximately 700,000 boomerang buyers may re-enter the housing market in 2015
TransUnion's study found that approximately 700,000 boomerang buyers may re-enter the housing market in 2015

Boomerang buyers, defined by TransUnion as those consumers who:

Were 60+ days delinquent on a mortgage loan

Lost their mortgage through a foreclosure, short sale or other non-satisfactory closure

Had a mortgage loan modification

Consumers Meeting Agency Selling Guidelines in the Next Five Years

Consumers Meeting Agency Selling Guidelines in the Next Five Years

Consumers are still experiencing the effects

The study found that only 18% of consumers impacted during the mortgage burst had recovered by December 2014.

Like it?

Get the study

read our privacy policy