Banks did a good job of taming delinquency on consumer credit during the first three months of this year, and some real estate products performed best.
Delinquency of at least 30 days on consumer credit assets at banks was 1.53 percent as of the first quarter. The total reflects loan performance on eight categories of consumer credit.
Consumer delinquency
improved by a single basis point compared to the final three-month period of 2014.
The American Bankers Association released the delinquency data on Thursday.
Consumers carried a 30-day rate of 1.63 percent in the first quarter of last year.
In the first-quarter 2015,
thirty-day delinquency on home-equity loans was 3.12 percent.
The rate was reduced from 3.23 percent as of the final quarter of last year.
As of the first quarter of last year, HEL 30-day delinquency was 3.57 percent.
The 30-day rate on home-equity lines of credit was 1.42 percent as of the most-recent period.
HELOC delinquency declined six BPS from the fourth-quarter 2014 and was 15 BPS better than in the first-quarter 2014.
On property improvement loans, the rate fell three BPS to 0.90 percent as of March 31, 2015. The property improvement loan delinquency rate was 1.00 percent as of March 31, 2014.
The delinquency rate on mobile-home loans closed out the first quarter at 3.52 percent, eight BPS better than at the end of last year. The category had a 3.37 percent rate at the same point last year.
