On installment loans and lines of credit that are secured by single-family properties and owned by banks, quarterly delinquency moved lower.

On consumer installment loans that are owned by banks, delinquency of at least 30 days came in at 1.56 percent as of the second quarter of this year.

The past-due rate, which reflects the performance of eight types of closed-end loans, was no different than in the preceding three-month period.

Source: Mortgage Daily