1st Mortgage Delinquency Up As 2nd Mtg Rate Down

Although there was month-over-month improvement in second-mortgage loan performance, serious delinquency on first mortgages saw deterioration.

Delinquency of at least 90 days on consumer credit — including auto loans, bank cards and first and second mortgages — was 0.83 percent as of July 31.

Serious delinquency worsened by a single basis point versus a month earlier. But 90-day delinquency improved by 9 BPS compared to one year earlier.

---

…read more

From:: Financing