Improving Loan Performance May Indicate, However, That Home Equity Loans Are Highly Unseasoned and May Mask Credit Risk
| Year |
Quarter |
Past-Due HELOCs Past-due and nonaccrual draws to total draws |
Weighted Average Seasoning of HE Pools Months |
| 1999 |
3 |
1.03% |
17.26 |
| 4 |
1.02% |
18.36 |
| 2000 |
1 |
1.04% |
19.57 |
| 2 |
0.97% |
20.61 |
| 3 |
1.11% |
21.22 |
| 4 |
1.24% |
22.41 |
| 2001 |
1 |
1.18% |
23.00 |
| 2 |
1.11% |
23.35 |
| 3 |
1.18% |
23.47 |
| 4 |
1.06% |
22.20 |
| 2002 |
1 |
0.88% |
20.83 |
| 2 |
0.79% |
20.42 |
| 3 |
0.81% |
20.18 |
| 4 |
0.79% |
19.23 |
| 2003 |
1 |
0.71% |
18.67 |
| 2 |
0.66% |
17.90 |
| 3 |
0.64% |
17.43 |
| 4 |
0.60% |
16.69 |
| 2004 |
1 |
0.57% |
16.34 |
| 2 |
0.51% |
15.89 |
| Source: FDIC |