«Late -
stage delinquency rates continue to show improvement, especially in the energy - rich economies of Edmonton and Calgary as well as in Vancouver and Ottawa,» Moody's Cristian deRitis said in a release Wednesday.
Early
stage delinquency rate for grad loans is 1.6 % compared to 2.6 % for undergraduate loans.
Late
stage delinquency rate for graduate loans is 1.1 % while the same rate for undergraduate loans is 2.1 %.
The early
stage delinquency rate for undergraduate loans fell by 67 % from 2009 to a new low of 2.8 %; late
stage delinquency rate is at 2.1 %, a 71 % decline.
For the big picture, early stage delinquency is down 8.8 % to 2.7 % of all private student loans, and the overall late
stage delinquency rate declined by 15 % to 1.9 %.
Not exact matches
The roll
rate — the percentage of credit card users who «roll» from early
stage delinquencies to 60 - 89 day
delinquencies — reached the highest since 2008 for one credit card program, while
delinquencies for another were above the 10 - year average, according to Royal Bank of Canada credit analyst Vivek Selot.
Meanwhile,
delinquency rates for each form of household debt declined, with about 8.1 percent of outstanding debt in some
stage of
delinquency, compared with 8.6 percent the previous quarter.
Roll
rates in National Bank of Canada's Canadian Credit Card Trust program are at the highest since 2008, while for CIBC's CARDS II program, early
stage delinquencies, 60 - 89 day
delinquencies and roll
rates are all above the 10 - year average, Selot said.
The
delinquency rate for mortgages that were between 30 and 59 days overdue (early
stage delinquencies) increased slightly from 2 % in January to 2.1 % in February, but it remained unchanged on an annual basis.
The Pittsburgh Youth Study also found that boys who never progressed beyond the first
stage of any pathway reported very low offense
rates during the prime
delinquency ages of 13 to 16.