HELOC Delinquencies Rise in Q1, ABA Says
Posted by Paul Jackson on Jul 2nd, 2008
2008
Jul 2
(Updated to reflect correction to ABA press statement)
Continued stress in the housing market combined with general weakness in the overall economy contributed to an increase in the delinquency rates for home equity lines of credit and bank cards during the first quarter of 2008, according to a quarterly consumer credit report released Wednesday morning by [...]