delinquencies

While people used to always pay their mortgage first before other bills, priorities have definitely changed for some. Maintaining car payments appears to be the first priority, with credit cards second and mortgages last. That's the results of the third quarter trend data from TransUnion. The...

As job losses mount, a growing number of consumers are falling behind on their credit-card payments. The percentage of credit-card balances that lenders have written off as uncollectable has risen, suggesting even higher levels of delinquency and charge-offs ahead in 2010.

Capital One's charge off rate jumped from 9.04% in October to 9.60% in November, indicating the increased number of accounts that Capital One (COF) does not believe it will collect. This comes as little surprise. Moody's has previously predicted that charge-offs for credit card companies will peak...

The ratio of U.S. auto loan borrowers who were 60 or more days past due on their payments increased in the third quarter over the second quarter from from 0.73% to 0.81%, according to Trans Union. The year-over-year delinquency rate at the national level increased by 1.25% in the third...

The combined mortgage delinquency and foreclosure rates hit 14.41% on a non-seasonally adjusted basis -- the highest ever on record, according to the Mortgage Bankers Association's National Delinquency Survey released Thursday. The MBA reported that in the third quarter of 2009, loans 90 days or...

While we may be seeing some signs of improvement in the economy, credit card companies are certainly not getting any benefit from the improvement. September delinquency rates increased at five of the six top credit card companies when compared to August rates, according the LowCards.com CEO Bill...

A case could be made that the housing market has bottomed. As my colleague Joseph Lazzaro recently explained in Could the end be in sight? Housing guru Shiller senses home price rebound, there have been three recent improvements: 1. Home prices edged up. 2. Sales of new homes increased. 3....

Rising unemployment pushed late payments on consumer loans in the first three months of this year to the highest level since at least 1974, a study by the American Bankers Association shows. And that doesn't even include credit card delinquencies, which also reached a record by one measure. It's...

Red Roof Inns scared the bejesus out of investors when it was reported that the operator of budget-priced motels had defaulted on four loans totaling $361.4 million. Worries about the commercial real estate market are starting to eclipse worries about consumer spending that have permeated the...

Credit card delinquencies continued to rise in the first quarter of 2009, according to the latest data. The Wall Street Journal reports (subscription required) that "For the first three months of the year, the delinquency rate in the U.S. rose to 1.32% for consumers who were three months or more...