The rate of past-due payments on first mortgages increased and was up even more on second mortgages. But both categories saw a year-over-year drop.
Ninety-day delinquency on consumer credit products — including auto loans, bank cards and first and second mortgages — was 0.85 percent in August.
Serious consumer delinquency deteriorated from the previous month, when it was 0.83 percent. But there was a decline from 0.96 percent a year previous.
The performance metrics were based on the S&P/Experian Composite Consumer Credit Default Index released Tuesday.
In New York, the Composite Index was 0.91 percent, soaring from July by 14 basis points — the most of any of the five-largest metropolitan statistical areas tracked.
While the Miami MSA’s 1.21 percent 90-day rate was the highest, it sank 16 BPS — the biggest month-over-month improvement.
Serious delinquency on U.S. first mortgages was 0.68 percent as of Aug. 31, 2016.
First-mortgage delinquency worsened 2 BPS from a month earlier but improved by 16 BPS from a year earlier.
The 90-day rate on second mortgages
was 0.52 percent in the most-recent report, leaping 8 BPS from July 31.
Serious second-mortgage delinquency fell, however, from 0.57 percent as of Aug. 31, 2015.