Delinquencies for loans used to purchase time-share properties packaged into asset-backed securities were 15% lower year over year in the first quarter as monthly default rates remained steady, according to Fitch Ratings.

The decline is another sign that delinquencies of various types of consumer loans may have peaked. For example, Freddie Mac recently reported its first month-to-month decline among mortgages on single-family homes in more than three years.

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