Even though the quarterly performance of bank-owned installment loans secured by home equity improved, home-secured credit-line delinquency worsened. Mobile-home lates plunged.
Loans that are owned by banks had a 30-day rate of 1.64 percent as of the fourth quarter of last year. The rate reflects performance on eight types of closed-end installment loans.
The composite delinquency rate improved from the preceding three-month period by 4 basis points. But the rate has ascended 13 BPS from the final-three months of 2016.
Source: Mortgage Daily