Shifting Consumer Delinquency Trends
-November 3rd, 2008

ACA international has charted some of the changes in consumer delinquency trends brought on by the mortgage crisis.  Before the crisis, consumers who held a mortgage were considered less risky than those who did not. Since the crisis began, however, one out of four sub-prime adjustable-rate mortgages originating after 2005 are at 60 days past due. Prime consumers with adjustable rate mortgages experienced a 286 percent increase in the rate of bankcard delinquency. Of all the mortgages originating after 2005 that entered foreclosure, more than 35 percent are in California. The data used for analysis was compiled from Experian consumer credit data.