Industry News

Borrowers pay credit-card bills, let mortgages slide

Gas, groceries take precedence over loans in Q3
Published on Jan 3, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

While homeowners had more trouble making mortgage payments during the third quarter of 2007, credit-card delinquencies actually fell, as consumers moved to preserve their ability to buy necessities like groceries and gasoline, a report from the American Bankers Association suggests. ...