Mortgages Lead Improvements in Delinquencies
Although student loan delinquency rates remain elevated, mortgage delinquencies fell to 2007 levels and led an overall decline.
Although student loan delinquency rates remain elevated, mortgage delinquencies fell to 2007 levels and led an overall decline.
Delinquencies in closed-end loans and bank cards edged down in the first quarter, driven by large declines in home loan-related delinquencies, according to the ABA Consumer Credit Delinquency Bulletin that was released today.
Delinquencies in closed-end loans and bank cards rose slightly in last year’s fourth quarter but remain near record lows, according to the ABA Consumer Credit Delinquency Bulletin that was released today.