Tuesday, July 3, 2007

Late payments up on home loans, down on credit cards

(Reuters) - In its quarterly study of U.S. consumer borrowing, the American Bankers Association said late payments rose in the first quarter from the fourth quarter in every category related to home ownership.




Delinquencies rose to 2.15 percent from 1.92 percent on home equity loans, to 2.94 percent from 2.82 percent on mobile home loans, and to 0.60 percent from 0.57 percent for home equity lines of credit.


Read more at Reuters.com Business News

No comments: