The Wall Street Journal reports, consumers who borrowed on Home Equity Lines of Credit seem to be feeling the pain. Data from Moody's Economy.com shows that since the fourth quarter of 2005, nationwide delinquency rates on Home Eqity Lines of Credit, have more than doubled from 0.71% to 1.55% in the third quarter 2007. Oklahoma and Nevada are the States with the highest rate of delinquency at 3.49% and 2.34%, respectively. Meanwhile, the nationwide delinquency rate on mortgages has jumped to 3.3% in the third quarterr from 2.3% a year ago. What this trend demonstrates is that the sub-prime mortgage crisis is far from over and has "leaked" over into other areas of the economy. comments, opinions....................
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