search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the details“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonNAR settlement motion sets off 60-day deadline for brokeragesNAR settlement motion sets off 60-day deadline for brokerages
South Florida

Home equity, mobile home loans delinquent

Sign Up for the undefined Newsletter

Consumer loan delinquencies reached a record high in the first quarter, according to data released today by the American Bankers Association. Home equity, home improvement, mobile home and personal loans are included in the composite delinquency rate, which hit 4.75 percent in the first quarter, up from 4.52 percent in the last quarter of 2008. Mobile homes had the highest delinquency rate, at 3.70 percent, with home equity delinquencies second at 3.52 percent. A delinquent payment is more than 30 days overdue, according to the ABA.