delinquent

Those mortgages, even if they weren’t delinquent, became worth a fraction of their original value, causing associations’ capital to vanish almost overnight.

This includes letting delinquent borrowers extend their loan terms to 40 years and reduce monthly payments by 25%.

“I could be at home, scared and hiding under the bed but I go out in front and have been in shootouts where we fight the delinquents.”

Car loans delinquent by at least 60 days rose 2.2% month over month in September, according to a Cox Automotive report.

But so far, they haven’t reported any alarming rises in delinquent loans, another key metric.