US DATA: American Bankers Association Thursday says consumer
delinquencies fell in all 11 loan categories it tracks. The composite
ratio, which tracks delinquencies in eight closed-end installment loan
categories, fell 10 basis points to 2.49% of all accounts in the fourth
quarter, the lowest it has been since 2008. Bank card delinquencies fell
8 bps to 3.17%. Home equity loan delinquencies “appear to be the most
stubborn,” ABA says, falling just 4 bps to 4.08% of all accounts in Q4.