Home equity loans delinquency rate falls
Home equity loans delinquency rates have fallen in the United States for the first time in two years.
Mortgage delinquencies fell almost 12% in August from a year earlier, according to data released Tuesday by Lender Processing Services Inc. That reading comes on the heels of news barely three weeks ago that the combined delinquency rate on mortgages held by major banks fell to 6.68% in the second quarter, the lowest level since the third quarter of 2009, according to Federal Deposit Insurance Corp. data.