A few more consumers late on loans
From Times Wire Reports
Consumer loan delinquencies rose only slightly in the second quarter, a sign that the federal economic stimulus package helped people pay off debt, the American Bankers Assn. said.
The association said a ratio of eight installment-loan types crept up to 2.68% from 2.62% in the first quarter. The report defines delinquency as a payment that is 30 days or more overdue.
The report attributed most of the rise to home equity loan delinquencies -- a sign of continued weakness in the housing market.
