Auto loan delinquencies edged upward for third quarter 2009, while the average auto debt slipped to $12,542, according to TransUnion’s analysis. The year-over-year delinquency rate was up by 1.25 percent in the third quarter, the credit reporting bureau said.

Credit losses continue on the rise, and banks are facing “sizable additional” losses, particularly as a result of poor demand from credit-worthy borrowers. The picture Greenlee drew suggested that a crisis is still brewing, and possibly yet to peak, in the commercial lending arena, fueled by the sharp declines in the value of commercial properties and land.

More than a quarter of all U.S. residential properties were either in negative “underwater” equity, or very close to that point, as of September, according to an analysis by a real estate data firm. The heaviest concentration of these homes is in states struggling with runaway foreclosure rates.

On the same day that a 10.2 percent unemployment rate made headlines, here’s another bit of sobering news: Consumer credit fell in September for the eighth straight month. It is the longest, consecutive decline since the Federal Reserve started keeping records of consumer borrowing in 1943. The unemployment rate hit the highest level since 1983.