7 billion California Coast Credit Union saw its reportable modified real estate delinquencies
drop from nearly $7 million during the first quarter to $3 million.
While all four major loan types saw increases in delinquencies
during the fourth quarter, increases in subprime loan delinquencies
--those bearing high interest rates and given to borrowers with poor credit histories--were the most notable in New Hampshire and across the nation.
Assisted living also reduced its short-term debt delinquencies
Barton, chief national bank examiner, said he believes there is a connection between the delinquencies
and weaknesses in mass mailing of credit card applications.
Contributing to the improvement in delinquencies
in November were about $2.
The data show that troubled states had delinquencies
trailing the national average until mid-2007, at which point their delinquencies
began climbing first and increases became widespread in mid-2008.
There were, however, virtually no delinquencies
in stabilized assisted living projects.
The continued slow rise in delinquencies
follows Fitch's expectations that certain property types, led by retail, will experience higher delinquencies
during the remainder of 2008.
Additionally, foreclosure timelines continue to expand in many states, keeping longer-vintage delinquencies
in the system.
Our detailed research through earnings reports and call report filings from smaller banks tells us that 3Q delinquencies
will increase, following a second quarter drop, amid renewed softness in both commercial and residential real estate prices," commented Matt Anderson, managing director of Foresight Analytics.
Card-issuing banks saw their card delinquencies
rise in the forth quarter of 2008, but not as much many thought they would, according to the American Bankers Association's Consumer Credit Delinquency Bulletin.
increased in the fourth quarter both as a national average and in most areas of the country," said Ezra Becker, director of consulting and strategy in TransUnion's financial services group.
increased two basis points in July to end the month at 0.
for securities backed by commercial real estate loans finished 2011 with a fifth straight month of declines.
have increased somewhat over the past couple of years, they nonetheless remain at miniscule levels.