Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $58,733
72%  
Woo hoo!! And we're now over 72%!! Thank you all very much!! God bless.

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  • Late Payments Rise on U.S. Home Equity Credit Lines

    09/26/2007 9:39:38 AM PDT · by Hydroshock · 13 replies · 215+ views
    Late payments on U.S. home equity lines of credit rose to a 5-1/2 year high in the second quarter of 2007 but delinquencies on many other types of consumer loans fell, the American Bankers Association said Wednesday. In its quarterly report on consumer borrowing, the bankers group said delinquencies in repaying home equity lines of credit rose to 0.77 percent in the April-June period. That compared to a rate of 0.60 percent in the first quarter and represented the highest rate since the fourth quarter of 2001 when the rate was 0.81 percent. However, the rate of closed-end home equity...