Fourth quarter figures show delinquency rate at lowest level since 1994. Economist cites home-related payment improvements, too.
Delinquencies fell during the second quarter in seven of the 11 bank loan categories tracked by the American Bankers Association, the group announced today.
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.
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Delinquencies fell in six of the eight loan categories measured by the American Bankers Association and the composite ratio fell 12 basis points to 3.23% of all accounts, according to data released by the group today.