Serious Mortgage Delinquency Declines

A month-over-month improvement in serious mortgage delinquency was recorded for junior- and senior-lien assets. First mortgage lates also fell from a year earlier.

A measure of 90-day consumer credit delinquency, the Composite Consumer Credit Default Index, was 0.82 percent in June.

The index — which reflects performance on bank cards, car loans and first and second mortgages — declined from 0.86 percent the preceding month.

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From:: Financing