Late loans soar on troubled mortgages: FDIC

Late loans soar on troubled mortgages: FDIC.
WASHINGTON (Reuters) - The Federal Deposit Insurance Corporation said on Wednesday delinquent loans at U.S. banks jumped 36 percent to $66.9 billion in the second quarter, the biggest quarterly increase since 1990, largely fueled by unpaid real estate loans. Rising U.S. home foreclosures and problems in the subprime mortgage market have spilled into broader financial markets in recent weeks. .