The Real Deal Miami

Home equity, mobile home loans delinquent

July 07, 2009 04:14PM

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.