by Wally Northway Published: April 28,2010
Tags: education, higher education, loan delinquencies, loans
In a recent analysis of trends in the student loan industry, TransUnion found that private student loan delinquency (the ratio of student loans 90 days or more past due) decreased approximately 4.9 percent, down from a high of 6.34 percent in the third quarter of 2009. This quarterly decrease represents a reversal of a five-quarter [...] [...]
by Associated Press Published: April 7,2010
Tags: banking and finance, loan delinquencies, loans, recession
WASHINGTON – Consumer loan delinquencies fell in eight of 11 loan categories in the fourth quarter of 2009, marking the second quarter in a row of broad-based improvement, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks eight closed-end installment loan categories, fell four basis points to 3.19 percent [...] [...]
by Wally Northway Published: February 4,2010
Tags: loan delinquencies, loans, recession
JACKSONVILLE, Fla. — The January 2010 Mortgage Monitor report, released by Lender Processing Services Inc. (LPS), showed that home loan delinquency rates in the U.S. have now surpassed 10 percent. Factoring in foreclosures in process, according to the data in LPS’ database, the total non-current rate sits at 13.3 percent. When extrapolated to reflect the [...] [...]
by Wally Northway Published: January 8,2010
Tags: banking and finance, credit, loan delinquencies, loans
WASHINGTON — Consumer loan delinquencies fell in seven loan categories, marking the first time since 2007 that so many loan categories experienced declines, according to the American Bankers Association’s (ABA’s) “Consumer Credit Delinquency Bulletin.” The composite ratio, which tracks eight closed-end installment loan categories, fell 12 basis points to 3.23 percent of all accounts compared [...] [...]
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