twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to 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

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

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

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

Press Releases
Reports and announcements from

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









site map
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.

Delinquency Down on Bank HELs, Up on HELOCs

Plunge in 30-day rate on mobile home loans

April 4, 2018

By Mortgage Daily staff

Even though the quarterly performance of bank-owned installment loans secured by home equity improved, home-secured credit-line delinquency worsened. Mobile-home lates plunged.

Loans that are owned by banks had a 30-day rate of 1.64 percent as of the fourth quarter of last year. The rate reflects performance on eight types of closed-end installment loans.

The composite delinquency rate improved from the preceding three-month period by 4 basis points. But the rate has ascended 13 BPS from the final-three months of 2016.

The statistics were reported in the the American Bankers Association's Consumer Credit Delinquency Bulletin.

"The steady creation of new jobs has been essential to keeping delinquencies low, and we've seen more than 10 million jobs filled in the past four years," ABA Chief Economist James Chessen stated in the report. "Greater job stability and increased take home pay have allowed consumers to make more purchases while keeping balances low relative to their income."

The economist additionally noted that the the Tax Cuts and Jobs Act will only aid loan performance by leaving consumers with more disposable income.

Delinquency on home-equity loans ended last year at 2.28 percent, tumbling 14 BPS from the end of the third quarter and sinking 33 BPS from the end of 2016.

But on home-equity lines of credit, 30-day delinquency was 1.16 percent as of year-end 2017, worsening 8 BPS from three months earlier and ascending 10 BPS from one year earlier.

ABA reported that mobile-home loan delinquency was 4.48 percent -- plunging 49 BPS on a quarter-over-quarter basis. The rate on mobile-home loans was 41 BPS worse, however, during the same three months the previous year.

Banks cut the 30-day rate on property-improvement loans 4 BPS to 1.04 percent, though the category has deteriorated from 0.98 percent as of year-end 2016.

"The positive trajectory of home-related delinquencies goes hand-in-hand with a growing economy and an improving housing market," Chessen said. "Rising property values boost wealth, increase confidence in the ability to meet future obligations and give homeowners an extra incentive to stay current."

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.

Bank news

Logout forgot

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


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