As the past-due rate on consumer credit held by banks deteriorated, so did the rate on home-equity loans. But performance on home-secured credit lines fell.

Closed-end consumer lending assets held on the balance sheets of U.S. banks had a 30-day delinquency rate of 1.73 percent as of the conclusion of the first quarter.

The metric is based on the Composite Ratio — a reflection of the performance of eight closed-end types of consumer loans including HELs that are owned by banks.

Source: Mortgage Daily