Serious 2nd Mortgage Delinquency Down

Although there was a modest rise in serious delinquency on first mortgages, the past-due rate made a month-over-month improvement on second mortgages.

Delinquency of at least 90 days on consumer credit was 0.82 percent as of June 30, 2016, according to the Composite Consumer Credit Default Index.

The index — a reflection of monthly performance on automobile loans, bank cards and first and second mortgages — rose one basis point from a month earlier.

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From:: Financing