Delinquencies on home equity loans, home equity lines of credit, and mobile home loans all stayed flat or fell in the third quarter, according to the American Bankers Association.Mobile home loan delinquencies dropped to 5.38% from 5.81% in the second quarter. Delinquencies on home equity loans remained unchanged at 1.38% in the third quarter, while the delinquency rate on HELOCs fell to 0.58% from 0.64% the previous quarter, the ABA said. Overall, the ABA reported that the delinquency rate on a composite of all consumer loan types, including credit cards, declined in the third quarter, even as the dollar volume of delinquent accounts rose. The ABA can be found on the Web at http://www.aba.com.
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