fell in 5 and rose in 5 of the 11 individual consumer loan categories tracked by ABA.
About $425 million in loans were cured last month, which helped push delinquencies
lower by 8 basis points.
But nearly $600 million in loans cured in July, which pushed delinquencies
12 basis points lower.
M2 EQUITYBITES-September 15, 2014--US CMBS delinquencies
stable, says Fitch
BANKING AND CREDIT NEWS-September 15, 2014--US CMBS delinquencies
stable, says Fitch
In contrast, commercial mortgage-backed securities (CMBS) mortgages continue to struggle with delinquencies
on CMBS loans, reaching their highest level since 1997.
Consumer loan delinquencies
reached a record high in the first quarter, according to data released today by the American Bankers Association.
This graph, based on NCUA data and prepared by Asset Exchange, compares the credit union card delinquencies
in the four most economically troubled states of Arizona, California, Florida and Nevada with those of credit union card issuers nationwide.
The reason to focus on 60-day delinquencies
is that they give us a look at loans that are entering into the delinquency process but also have multiple missed payments.
Total mortgage delinquencies
in New Hampshire increased by 48 basis points to 4.
He added that independent living was one notable exception, continuing its impressive performance streak of no permanent debt delinquencies
among the largest permanent lenders.
Permanent debt delinquencies
increased for assisted living and skilled nursing in the fourth quarter of 2003, according to the NIC Key Financial Indicators[TM] compiled by the National Investment Center for the Seniors Housing & Care Industries (NIC).
The remaining loans in the index actually saw delinquencies
rise about five basis points leading to a net reduction of 23 basis points overall.
Because each investor group tracks delinquencies
in its own way, delinquency rates are not comparable from one group to another.
The long-awaited resolution of the CWCapital distressed asset portfolio helped push delinquencies
to multi-year lows," said Manus Clancy, senior managing director at Trepp.