Home-Equity Delinquency Mixed - Mortgage Forums for Brokers and Loan Officers

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		Mortgage Forums for Brokers and Loan Officers > Mortgage Business > Mortgage News
Home-Equity Delinquency Mixed

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07-02-2008, 11:48 AM

Veronica Corningstone Veronica Corningstone is offline

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Home-Equity Delinquency Mixed

Delinquency of at least 30 days on home-equity lines-of-credit was 1.10 percent during the first quarter, the American Bankers Association reported. HELOC late payments were up from the fourth quarter and higher than the first quarter 2007. Delinquency on home-equity loans, however, declined from the previous quarter to 2.34 percent.

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