The delinquencyrateon credit card loans for all commercial banks in the U.S. dropped from 6.76% in the second quarter of 2009 to 2.73% in the fourth quarter of 2012.
Delinquency rates on variable-interest-rate loans to subprime borrowers, which account for a bit less than 10 percent of all mortgages outstanding, have climbed sharply in recent months.