10 Charts of the Year — Delinquent Household Loans

Today’s Chart of the Year comes from Mark Zandi of Moody’s Analytics.  It looks at the number of delinquent home loans in the United States since 2006.

What does this chart mean?

Households are rapidly deleveraging and getting their proverbial house in order. The number of delinquent household loans has plunged from a peak of close to 35 million in early 2009 to less than 25 million in November.

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