Mixed Q1 Data on Property-Related Delinquencies – NMP Skip to main content

Mixed Q1 Data on Property-Related Delinquencies

Jul 06, 2017

The first quarter offered no consistent pattern regarding property-related delinquencies, according to the latest Consumer Credit Delinquency Bulletin published by the American Bankers Association (ABA). Overall, delinquencies rose in seven of the 11 individual consumer loan categories tracked by ABA.
 
During the first quarter, home equity loan delinquencies fell from 2.61 percent in the previous quarter to 2.59 percent, while property improvement loan delinquencies remained unchanged at 0.98 percent. But mobile home delinquencies rose from 4.07 percent to 4.86 percent while home equity lines of credit delinquencies rose from 1.06 percent to 1.11 percent.
 
“As home prices have risen, home-related delinquencies have returned to normal levels,” said James Chessen, ABA’s Chief Economist. “Greater equity incentivizes people to remain current on their mortgage loans, and we expect this gradual improvement to continue.”  
Chessen predicted modest economic growth this year and next, but did not rule out the possibility of new problems.
 
“The key to keeping delinquencies low is a strong economy that supports households’ financial obligations through job growth and higher wages,” Chessen said. “It’s inevitable that delinquencies will rise to more normal levels, particularly if economic growth stays persistently below two percent. As the economic cycle eventually comes full circle, it’s important for consumers to maintain a smart and disciplined approach to credit, especially millennials who may be navigating a downturn for the first time in their professional lives.”

 
About the author
Published
Jul 06, 2017
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026