Loan Delinquencies at Banks Fell in 4th Quarter
Loan delinquencies declined in eight of the 11 loan categories tracked by the American Bankers Association in the last quarter of 2009, the second consecutive overall quarterly improvement, the association announced today.
The composite ratio, which is calculated from data in eight closed-end installment loan categories, fell four basis points to 3.19% of all accounts compared to 3.23% of all accounts in the previous quarter.
Bank card delinquencies fell 38 basis points to 4.39% of all accounts.
Delinquencies fell in: Direct auto loans; marine loans; mobile home loans; personal loans; property improvement; RV loans; home equity lines of credit; bank card delinquencies,
Delinquencies increased in: Home equity and non-card revolving loans.
There was no change in the delinquency rate for indirect auto loans.