The phrase "a delinquency rate" is correct and usable in written English.
It can be used when discussing the percentage of individuals or accounts that are overdue on payments or obligations, often in financial or legal contexts.
Example: "The report indicated that the delinquency rate for student loans has increased over the past year."
Alternatives: "an overdue rate" or "a default rate."
The largest credit card company, LG Card, had a delinquency rate of 11.7percentt.
The worst category is apartment loans, with a delinquency rate of 15 percent.
Loans originated by Bank of America, for example, have a delinquency rate of 0.7percentt, Mr. Innaurato said.
There were some consumers who did find adjustable-rate mortgages challenging to maintain, the association report showed: so-called "subprime" borrowers, who typically pay higher rates than those with excellent credit, had a delinquency rate of 12.02 percent.
By contrast, multifamily loans packaged into commercial mortgage-backed securities have a delinquency rate of 1.278 percent — which still sounds low but is higher than any other property type, according to Realpoint L.L.C., a research company in Horsham, Pa.
Of the four thousand three hundred and ninety mortgages that Abacus held in 2009, only sixteen were in trouble, a delinquency rate less than a twentieth of the national average.
But Spiegel knew it wouldn't be easy to unload its plastic, which carried a 15% delinquency rate, compared with an average 5% for the industry; the company expects to lose $310 million on the sale.
Last year, for example, the CFPB sued Ocwen Financial Corp., a large non-bank loan servicer with a 19% delinquency rate, alleging "widespread errors, shortcuts, and runarounds" that "cost some borrowers money and others their homes". Ocwen gave some consumers incorrect monthly statements, failed to process all payments correctly and illegally foreclosed on some owners, according to the agency.
Biloxi, Miss., grew by 15.7%, and Baton Rouge, La., by 9.7%, but the subprime hammer came down on New Orleans, where a 20% delinquency rate on subprime loans contributed to an 11% drop in home values, the NAR reports.
Measured by loan dollars that are at least a month late, the Education Department's main program had a 17percentt delinquency rate as of Dec. 31.
The company started incorporating a social media footprint into its loan criteria after noticing a strong correlation between the level of social activity and a lower delinquency rate in those customer groups.
