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Loan Modification

: The Truth About Mortgage.com

Home Equity Loan Lates Decrease, HELOCs Hold Steady

By scot184

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Most consumer loan delinquencies improved during the second quarter, according to the latest Consumer Credit Delinquency Bulletin from the American Bankers Association. The delinquency rate on closed-end home equity loans (second mortgages) fell to 3.97 percent from 4.12 percent, while delinquencies on home equity lines of credit (HELOC) remained unchanged at 1.81 percent. Meanwhile, bank card (credit [...]

Full post as published by The Truth About Mortgage.com on October 05, 2010 (boomark / email).

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