twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.


HEL Delinquency Higher, HELOC Lates Lower

4.05% HEL delinquency in Q3

Jan. 11, 2011

By MortgageDaily.com staff


Quarterly loan performance on home-equity products was mixed, with closed-end defaults rising and credit-line late payments improving.

Third-quarter delinquency of at least 30 days on home-equity loans was 4.05 percent in the Consumer Credit Delinquency Bulletin from the American Bankers Association. Defaults deteriorated from 3.97 percent in the second quarter but improved from 4.30 percent a year earlier.

The rate on home-equity lines-of-credit improved to 1.74 percent from the previous period's 1.81 percent. During the same period in 2009, HELOC delinquency was higher at 2.12 percent.

Delinquency on mobile-home loans was 4.01 percent, unchanged from three months earlier. The rate a year earlier was 3.63 percent.

Property improvement late payments tumbled to 1.23 percent from the second quarter's 1.35 percent.

The composite delinquency index, which is made up of eight types of closed-end loans, rose to 3.01 percent in the third quarter from the prior quarter's 3.00 percent. The trade group blamed a stagnant labor market for less stellar performance recently.

"The economy just skipped a beat in the third quarter," ABA Chief Economist James Chessen said. "It doesn't move in a straight line and neither do consumer credit delinquencies.
"

But compared to the third-quarter 2009, the composite index was 22 BPS better.

Chessen predicted that momentum will return and delinquencies improve over the next six months.

next story

back to current headlines


Nonprime and Subprime News | Subprime Statistics
Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders