Search
 

ABA Sees Big Jump in HELOC Delinquencies

WASHINGTON -- Underscoring banker troubles on home equity loans, the American Bankers Association said this week HELOC delinquencies rose 14 basis points to 1.10% during the first quarter, marking the highest rate for that loan category since ABA began collecting data in 1987.

By Jim Rubenstein | Updated on July 08, 2008

WASHINGTON — Underscoring banker troubles on home equity loans, the American Bankers Association said this week HELOC delinquencies rose 14 basis points to 1.10% during the first quarter, marking the highest rate for that loan category since ABA began collecting data in 1987.

In a press release issued by its consumer credit staff, the ABA said bank card delinquencies also increased, jumping 13 basis points to 4.51 percent, slightly above the five-year average of 4.40 percent.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.