by Calculated Risk on 4/21/2008 12:39:00 PM

From Dow Jones (no link): Most Home-Equity Line Delinquencies Keep Rising

Standard & Poor's said delinquencies on home-equity lines of credit issued in 2005 and 2006 shot up in March, underscoring continued trouble in the U.S. economy.
...
S&P said that 9.19% of lines issued in 2005 and 11.45% of loans issued in 2006 are delinquent, up 6.49% and 6.51% from February.

This fits with the comments from BofA today:

"Credit quality in our consumer real estate business mainly home equity deterioriated sharply in the first quarter as a result of the weaker housing market."