Home loans considered to be seriously delinquent accounted for a greater share of overall loans than in the preceding month. Dallas saw the biggest rise in consumer delinquency.
Based on the Composite Consumer Credit Default Index, delinquency of at least 90 days on U.S. consumer credit was 0.83 percent as of July 31.
The index — which reflects the combined performance of auto loans, bank cards, first mortgages and second mortgages — crept up a basis point from a month earlier.
Source: Mortgage Daily