Delinquency

(redirected from delinquencies)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
According to the firm, CMBS delinquencies fell two basis points in August to 4.
But one sign of hope is that the rate of increase in delinquencies appears to be slowing in both troubled states and nationwide.
While all four major loan types saw increases in delinquencies during the fourth quarter, increases in subprime loan delinquencies--those bearing high interest rates and given to borrowers with poor credit histories--were the most notable in New Hampshire and across the nation.
Assisted living also reduced its short-term debt delinquencies to 2.
22 January 2014 -- US commercial mortgage-backed sedurities delinquencies closed out 2013 below 6% following nine straight months of declines according to the latest index results from US ratings agency Fitch Ratings.
Home equity loan delinquencies also rose 40 basis points to 3.
There were, however, virtually no delinquencies in stabilized assisted living projects.
Additionally, foreclosure timelines continue to expand in many states, keeping longer-vintage delinquencies in the system.
Our detailed research through earnings reports and call report filings from smaller banks tells us that 3Q delinquencies will increase, following a second quarter drop, amid renewed softness in both commercial and residential real estate prices," commented Matt Anderson, managing director of Foresight Analytics.
Sixty-plus-day delinquencies for securities backed by commercial real estate loans finished 2011 with a fifth straight month of declines.