Personal Finance Advice and Commentary

The delinquency rate for residential mortgage loans increased in the second quarter. About 8.44 percent of the more than 43 million outstanding mortgages in the United States are past due, according to the Mortgage Bankers Association’s National Delinquency Survey. That’s an increase of 12 basis points compared to the last quarter and it does not

The U.S. mortgage market appears to be on the mend. Except, that is, for the usual hot spots, where loan delinquencies and foreclosures remain so elevated they render the national statistics “somewhat meaningless.” That’s according to the latest survey by the Mortgage Bankers Association in Washington, D.C., and commentary by MBA Chief Economist Jay Brinkmann.

Fewer consumers are paying their credit card bills late, and balances across the nation are shrinking. The national credit card delinquency rate decreased in the first quarter and credit card debt declined for the fourth consecutive quarter, according to trend data from TransUnion. The ratio of borrowers that were at least 90 days behind with their