Serious Mortgage Delinquency Rises

The rate of past-due payments on first mortgages increased and was up even more on second mortgages. But both categories saw a year-over-year drop.

Ninety-day delinquency on consumer credit products — including auto loans, bank cards and first and second mortgages — was 0.85 percent in August.

Serious consumer delinquency deteriorated from the previous month, when it was 0.83 percent. But there was a decline from 0.96 percent a year previous.

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From:: Financing