While the quarterly rate of late payments on bank-owned home-equity loans moved lower, the performance of other housing-related assets has worsened.
Delinquency of at least 30 days on consumer installment loans that are owned by banks was 1.68 percent as of third quarter, according to the Composite Ratio.
The ratio, which reflects performance on eight types of closed-end consumer loans owned by banks including HELs, deteriorated by 12 basis points from the prior quarter.
Source: Mortgage Daily
