Banks Report higher home equity delinquencies
Date Delinquency Rate
4th Qtr '02 1.64%
3rd Qtr '02 1.38%
2nd Qtr '02 1.38%
1st Qtr '02 1.27%
Source: American Bankers Association. Note: The ABA reported that late payments on home equity lines of credit, at 0.56% in the fourth quarter, actually declined slightly from the third.
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