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

In a press release issued by its consumer credit staff, the ABAsaid bank card delinquencies also increased, jumping 13 basispoints to 4.51 percent, slightly above the five-year average of4.40 percent.

“It was a tough quarter for some people,” ABA Chief EconomistJim Chessen said. “Faced with rising food and gas prices and littleincome growth, fewer resources have been available to managedebt.”

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