While the quarterly rate of past-due payments on consumer credit at financial institutions deteriorated, home-equity loan performance improved.

Delinquency of at least 30 days on consumer credit assets that are owned by banks landed at 1.56 percent as of the first quarter of this year.

The rate, which reflects performance on eight types of closed-end installment loan categories, worsened by 5 basis points from the prior period.

Source: Mortgage Daily