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- Report: HELOC Delinquencies Rising Rapidly
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From Bloomberg: Overdue Home-Equity Credit Lines Rise Most Since 1987, ABA Says Home-equity lines of credit at least 30 days past due rose 14 basis points to 1.1 percent of accounts for the quarter, the Washington-based group said today in a statement. Delinquent credit-card accounts increased 13 basis points to 4.51 percent, the highest level since 2006.
“People are looking for any source of…
Original Source
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2 July, 2008| housingblogs |
@ 16:05