DELINQUENT RATE SOARS

Thursday, August 23, 2007
DELINQUENT RATE SOARS

U.S. banks and thrifts suffered the biggest increase in late loan
payments in 17 years as more homeowners fell behind on mortgages, the
Federal Deposit Insurance Corp. said.

Loans more than 90 days past due rose 10.6 percent to $66.9 billion in
the period ending June 30.