U.S. loan delinquency rate recovery stalls

April 28, 2011 02:30PM

Loan delinquencies fell nationally in the first quarter of the year, with the exception of construction loans, which saw a 30-basis-point improvement from the fourth quarter of 2010, according to estimates for the first-quarter 2011 released today by analytics firm Trepp. “The recovery in delinquency rates that began in the second quarter of 2010 appears to have stalled,” said Matt Anderson, a managing director at Trepp. “This underscores the fact that markets have not yet truly recovered.” According to Anderson, this reflects “anemic” growth in both residential and commercial real estate, he said. Commercial and industrial loans saw the biggest decrease in the fourth quarter, with a 20-basis-point decrease from the fourth quarter. TRD

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