delinquencies
Meaning
of Delinquency
Source: Webster's dictionaryExamples
Conversely, there has been a sharp spike in credit-card loan delinquencies to 9.8% in Q2 compared to 8.4% in Q4.
Individual cities with high fraud rates -- based on "serious early delinquencies" on home loans closed during 2004 -- include Atlanta, Dallas, Denver, Orlando, Charlotte, Memphis and Scranton.
CoreLogic President and CEO Anand Nallathambi said the rate of delinquencies is continuing to drop back to historic norms.
The number of delinquencies, or debts overdue by 30 days or more, dropped in several categories including credit-card debt, auto loans, home equity loans and personal loans, in the fourth quarter of 2017.
Industry officials estimate that non-bank lenders could need $40 billion in federal aid over the next three months to cover "an avalanche of distressed homeowners" and a spike in mortgage delinquencies stemming from the coronavirus shutdown.
Some of those delinquencies are low-income customers who are struggling to keep their utilities on, said some who work in providing assistance to those in need.