12/07/2011 10:35 EST | Updated 02/06/2012 05:12 EST

TransUnion predicts sharp drop in late payments on US mortgages in 2012

NEW YORK, N.Y. - If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year, according to credit reporting agency TransUnion.

Mortgage delinquency rates