“60-plus delinquencies” typically refers to a measure used in the financial industry, especially in the context of loans or credit. It indicates the percentage or number of loans that are 60 days or more overdue in their payments. This metric is often employed in the evaluation of the credit quality of a loan portfolio, providing insights into the level of credit risk.

For example, if a lender has a portfolio of loans, they may categorize the delinquency status of borrowers based on the number of days overdue. The “60-plus delinquencies” category includes loans where the borrower has failed to make payments for 60 days or more. The higher the percentage of 60-plus delinquencies in a loan portfolio, the greater the concern about credit risk and potential financial losses for the lender.

Financial institutions and investors closely monitor delinquency rates as part of risk management. A rise in 60-plus delinquencies may be an early indicator of financial distress for borrowers or economic challenges that could impact the ability of individuals or businesses to meet their debt obligations.

It’s important to note that different industries or types of loans may have variations in how delinquency is defined (e.g., 30 days, 60 days, 90 days), so the specific time frame considered for delinquency can vary. Additionally, the context in which “60-plus delinquencies” is used may also depend on the type of financial product or industry being discussed.