Delinquency

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Delinquency

Failure to make a payment on a debt or obligation by the specified due date.

Delinquency

The state of being late for a payment on a loan or other liability. If a payment is due on the third of each month and one does not pay until the ninth, the account is said to be in delinquency until the payment is made. Some liabilities have grace periods to allow for late periods up to a certain point without causing delinquency. A late fee may or may not be assessed on a delinquent payment. Serious and prolonged delinquency can lead to default.

Delinquency

A mortgage payment that is more than 30 days late.

References in periodicals archive ?
5 million in TDR delinquencies that wouldn't otherwise have been reported, Patelco's May 31 delinquency ratio jumped to 3.
At the national level, delinquencies on subprime loans increased by 77 basis points to 13.
Dollar-weighted average delinquencies (equal to the rate for all card portfolios combined) have increased faster than the median, particularly in the troubled states.
To date, retail delinquencies have been comprised primarily of smaller loans collateralized by strip centers or older power centers.
Currently, the 2006 vintage contributes the highest dollar balance of loan delinquencies within the Index, at $599.
Hotel delinquencies fell more than any other properly type, dropping from a peak of 21.
The borrowers typically have relatively poor credit histories leading to higher than average delinquencies and defaults.
equipment lease ABS delinquencies have remained stable so far this year, they are likely to increase slightly through the remainder of 2008 and into next year, according to Fitch Ratings.
Also on the rise are individual Brooklyn condo delinquencies, which have jumped from 402 to 525 units owing $133,816, and representing 16 percent of the total units.
During last year's winter season, timeshare ABS performance exhibited more dramatic seasonal delinquency and default spikes than seen in recent years, with total delinquencies reaching 3.
Mortgage Bankers Association Chief Economist Jay Brinkmann found good news and bad news in the latest edition of MBA's National Delinquency Survey (NDS)--the good news being the continued decline in long-term delinquencies, while the bad being a rise in loans one payment past due.
CHICAGO -- Delinquencies in equipment lease asset-backed securities (ABS) declined in February based on the aggregate portfolio of small/mid-ticket and heavy metal transactions in the index.