Past-due payments on first mortgages rose last month for the fourth month in a row. Also deteriorating was the serious delinquency rate on second mortgages.

Ninety-day delinquency on consumer credit products was 0.94 percent in March, according to the Composite Consumer Credit Default Index.

The index — which reflects performance on first and second mortgages, bank cards and auto loans — was also reported at 0.94 percent as of February.


Source: Mortgage Daily