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Economic Commentary Credit Trends

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10 Source: Equifax Credit Trends. Not seasonally adjusted. Severe delinquency rate defined as accounts 60+ days past due for charts 7A-7D; defined as 90+ days past due, in bankruptcy or, for mortgage-related trades, in foreclosure. Data are through June 2017. We then plotted severe delinquency rates for these tradeline types in charts 7A through 7H, based on the number of accounts outstanding and the dollar balances outstanding. Here, the results are mixed. Auto loans, bankcard and private label credit cards are clearly showing rising delinquency rates, but they remain relatively low. Mortgage, home equity installment loans, home equity lines of credit (HELOCs), and student loans are all showing declining incidence of delinquency. Consumer finance loan performance is essentially unchanged. CHART 7 Severe Delinquency Rates by Tradeline Type

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