In a sign of possible economic recovery, TransUnion, the credit-reporting bureau, is predicting lower credit card and mortgage delinquencies.
This is attributable to tighter lending standards for new loans and credit along with the attrition of the older, poorer loans.
However, not all parts of the country can expect a decreased amount of foreclosures, as some of the hardest hit areas will continue to see decline.
See the story, Credit Card, Mortgages Delinquencies To Decline.