For each of the most-recent three months, the rate of serious delinquency on first mortgages moved up. Second mortgage performance also waned.
As of February, ninety-day delinquency on consumer credit stood at 0.94 percent based on the Composite Consumer Credit Default Index.
Serious consumer delinquency deteriorated from the first month of the year, when the rate was 0.92 percent, but fell from 0.97 percent a year prior.
Source: Mortgage Daily