Fed report shows decline of household delinquency rates

08/19/2010 | NYTimes.com

A quarterly report on household credit and debt from the Federal Reserve Bank of New York showed a decrease in total household delinquency rates for the first time in four years. The report shows that the percentage of outstanding debt in some stage of delinquency had fallen from 11.9% on March 31 to 11.4% as of June 30.

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