Sentence examples for stages of delinquency from inspiring English sources
At those stages of delinquency, the write-downs bring no relief to borrowers who have long since defaulted.
"Even in the early stages of delinquency, settlements can be dramatic," said Carmine Dorio, a longtime industry executive who ran collection departments for Citibank, Bank of America and Washington Mutual.
In a hopeful sign, the bank said the percentage of loans in the early stages of delinquency (running 30 to 89 days late) fell compared to the third quarter.
Until those reviews are completed, analysts said, the number of households in the latter stages of delinquency is likely to swell again, meaning it is too early to know whether the third-quarter data signals a longer-term trend.
"The defense is that every case is different, people's accounts are in different stages of delinquency.
(See "Prices Stabilize, But Housing Trouble Still Looms").. Analyzing data from the Mortgage Banker's Association, which tracks 80% of mortgages, Goodman found that at the end of May, 13.5% of home loans were in some stage of delinquency; 4.3% were in foreclosure; some 3.9% were considered "seriously delinquent".
As of Sept. 30, 8.9 percent of outstanding household debt was in some stage of delinquency, with 6.6 percent at least 90 days late.
In place of concrete standards, the bureau's proposal largely relies on procedural reforms, like requiring servicers to establish reasonable policies for managing paperwork and answering phone calls from borrowers; to contact borrowers at an early stage of delinquency; and to adhere to deadlines for responding to borrowers who need help.
"The minors go into prison in the primary stage of delinquency, but instead of being rehabilitated, they go into the second stage of delinquency," says the Douala centre's Director, Asana Rebecca Ngwenyi.
Her research interests include the development of delinquent behavior and risk factors of delinquency.
With Richard A. Cloward, he wrote "Delinquency and Opportunity: A Theory of Delinquent Gangs," a seminal study of the wellsprings of delinquency among urban youths.
