Industry News

Home loan delinquency rates hit 4-year high

Fed reports fourth-quarter charge-offs doubled from 2005
Published on Feb 28, 2007

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by CareyBot

Delinquency rates on home loans made by federally chartered banks rose to a seasonally adjusted 1.91 percent in the fourth quarter of 2006, a level not seen since 2003, but still well below delinquency rates of the 1990s. The Federal ...