Sentences with phrase «high delinquency»
The phrase "high delinquency" means a situation where there is a large number of people or things that haven't paid their debts or bills on time. Full definition
Successfully turned around high delinquency rate by effectively communicating with tenants and improving process for collecting and tracking lease payments.
monster.com
Conventional mortgage lenders, wary of the fallout from high delinquency and foreclosure rates, are typically requiring 20 % down payments.
Consumers who made the minimum payment, or close to it, generally had higher delinquency rates.
The Effective Interest Yield for the second quarter of 2017 was 32.8 %, primarily reflecting the impact of higher delinquency and net charge - off rates in the second quarter of 2017 relative to the prior year period.
Higher risk has not shown up as higher delinquencies and defaults... yet.
«States with economies heavily reliant on oil and energy are bucking the trend and experiencing higher delinquency rates.»
It's getting harder for landlords who rely on borrowed cash to find new loans to pay off the old ones, leading to forecasts for higher delinquencies.
Arizona, California, Florida and Nevada all show markedly higher delinquency and foreclosure rates than average;
(3rd highest delinquency rate in the country)
The «whole loan» program had a relatively high delinquency rate, 7.8 percent, and CalPERS reported losing $ 3 million on the program since 1997.
The suburban office subsector carries a notably high delinquency rate of 13.3 %, while the reading for the broader office sector is currently 7.24 %.
In #Texas, student loans have highest delinquency rate among major categories of household debt at 12.9 % in 1Q17.
In sum, sub-prime and Alt - A borrowers have lower credit scores and higher LVRs, higher delinquency and foreclosure rates, and consequently pay higher interest rates than prime borrowers (Table 1).
With 1 / 6th of FHA - insured mortgages at least 30 days late, and 3.32 % in foreclosure, FHA homeowners are facing the highest delinquency rates since 1979.
Half the population has a delinquency rate of 5 % or less, and a half has a higher delinquency rate.
In other words, FHA loans have a higher delinquency rate but a lower foreclosure rate than mortgages generally.
FHA mortgages, as critics note, now have high delinquency rates, meaning that someone has missed one or more payments.
TransUnion found card holders who only made the minimum payment had higher delinquency rates not only on credit cards, but also other debts like mortgages and car loans.
According to TransUnion Gen X (those born between 1965 and 1979) have the highest delinquency rate in the country at 2.86 %.
States where residents carry the lowest levels of student debt, on the other hand, have some of the highest delinquency rates.
Due to higher delinquency rates, auto le nde rs will begin to move away from subprime lending.
The high delinquency rates led to a rapid devaluation of financial instruments (mortgage - backed securities including bundled loan portfolios, derivatives and credit default swaps).
A 2013 study from credit bureau TransUnion found that consumers who consistently paid just the minimum on their credit card bills had higher delinquency rates on their credit obligations compared with consumers who paid more than the minimum or the entire bill each month.
Amy Bonitatibus, a spokeswoman for JPMorgan, said the company has significantly reduced FHA lending over the last year due to «the litigation risks, high costs to service and high delinquency rates.»
«While the focus in recent years has been on the mortgage market, lenders will need to keep an eye on student loan portfolios — and on customers who have student loan debt — as the high delinquency rates among these borrowers can spell trouble across multiple products.»
Home equity loans have a higher delinquency rate than all other types of consumer loans, according to data from the American Bankers Association.
For the second quarter, Nevada, Florida, Arizona and California remained the four states with the highest delinquency rates, mirroring the locations where foreclosures are the highest.
Still, Maryland has been cushioned somewhat from problems in states such as California, Nevada, Arizona and Florida, which had the biggest run - up in housing prices and now have the highest delinquency numbers, the bankers group said.
A higher level of refinance risk for bank loans should contribute to higher delinquency rates over time.»
This was the highest delinquency rate since second quarter of 2001, up 0.19 percent from the fourth quarter of last year.
According to recent data from the New York Federal Reserve, our $ 1.38 trillion in outstanding student loan debt is second only to mortgage debt but comes with a higher delinquency rate.
Student loans have the highest delinquency rate of any form of household credit, having surpassed credit cards in 2012.
They also have some of the highest delinquency rates when it comes to not wearing a seatbelt.
Andershed et al. (2001) also found the highest delinquency rates among male adolescents scoring high on psychopathic traits.
Based on a self - report delinquency measure, it appeared that the psychopathy - like group had the highest delinquency rates, except for vandalism.
If the Fed continues to push interest rates up, the higher monthly mortgage payments from the repricing of variable rate mortgages could result in higher delinquency and foreclosure rates, which could aggravate already sluggish local housing markets.
But Southard qualifies that observation, admitting that underwriting surely played a part in the «disastrously» high delinquency rates of 1992 — but the real estate market itself contributed mightily to that «perfect storm» of the early 1990's.
Finally, subprime borrowers are higher risks and have always had a higher delinquency rate than prime borrowers.
Virginia and Washington, D.C. featured the highest delinquency rates measured for August, while Florida and Georgia outperformed with the lowest.
Retail has the highest delinquency rate of all the property types, which is likely due to concerns related to performance of class - B malls and properties in secondary and tertiary markets, notes Che.
Note, however, that most lenders have tightened their credit standards in light of increasing foreclosures and higher delinquency rates.
TransUnion predicts the rate will continue to fall in 2015, but projects the highest delinquency rates by year's end in New Jersey (5.46 percent), Florida (5.27) and New York (4.43).
Note, however, that many lenders have tightened their credit standards in light of increasing foreclosures and higher delinquency rates.