Serious delinquency on first mortgages dipped last month. While a more significant improvement was made on second mortgages, the category has seen deterioration from a year ago
Based on the Composite Consumer Credit Default Index, 90-day delinquency on consumer credit was 0.84 percent in September. The rate was off a basis point from a month earlier.
Compared to a year earlier, the index — which reflects performance on auto loans, bank cards, first mortgages and second mortgages — indicated that the 90-day rate was down 5 BPS.
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From:: Financing