Serious Mortgage Delinquency Ticks Up

Last month, serious delinquency deteriorated on both first mortgages and second mortgages. At the same time, mortgage debt outstanding has been expanding.

Ninety-day delinquency on consumer credit came in at a rate of 0.87 percent as of October. The past-due rate worsened by 3 basis points from a month earlier.

Serious consumer delinquency — which reflects the performance of auto loans, bank cards and first and second mortgages — fell by 7 BPS from a year earlier.

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From:: Financing