Home equity loan delinquencies fell to 1.89 percent from 1.94 percent in the second quarter, according to a recent report by the American Bankers Association. The ABA’s quarterly survey of more than 300 banks nationwide shows a slight increase overall in the percentage of consumer loans that are 30 days or more past due during the second quarter of 2006. Dsnews.com reports:
Property improvement loans and mobile home loans were among those loan types that had an increase in delinquencies. Property improvement delinquencies increased to 1.48 percent from 1.42 percent, while mobile home loan delinquencies rose to 3.61 percent from 3.37 percent.
Read more: ABA: Second Quarter Home Equity Loan Delinquencies Down
