Quarterly performance on bank-owned home-equity loans substantially deteriorated. Delinquency was down, though, for mobile home and property improvement loans.
Delinquency of at least 30 days on consumer credit that is held by banks ended the first half of this year at 1.76 percent. The rate reflects performance on eight closed-end categories.
Compared to three months previous, consumer delinquency increased 3 basis points. The deterioration was even worse versus one year earlier, with the rate soaring 12 BPS.
Source: Mortgage Daily