First and second mortgages that are considered to be seriously delinquent made up a smaller share of overall loans last month.

The composite rate of 90-day delinquency on bank cards, car loans and first and second mortgages was 0.90 percent as of April 2017.

Consumer delinquency improved compared to the preceding month, when the rate was 0.94 percent. But performance deteriorated from 0.86 percent a year previous.

Source: Mortgage Daily