Bank HEL Delinquency Down, HELOC Lates Up

Although there was a quarterly improvement in the performance of home-equity loans, the rate of late payments deteriorated on home-secured credit lines.

As of the second quarter of this year, delinquency of at least 30 days on closed-end installment loans owned by the nation’s banks came in at 1.35 percent.

Thirty-day delinquency on consumer credit, which reflects payment performance on eight closed-end installment loan categories, was the lowest on record.

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From:: Financing