Browsing: Delinquencies

Mortgage

The number of homes backed by Fannie Mae and Freddie Mac that are 60 or more days past due jumped from 0.92% to 4.08% at the end of the second quarter, due to the COVID-19 pandemic and the forbearance programs being offered to the affected borrowers, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

Economy

Around 6% of outstanding first-lien mortgages in June 2020 were reporting zero payment due based on credit bureau data, up from essentially none in February—thus indicating some kind of coronavirus-related payment relief, the Consumer Financial Protection Bureau said in a report today.

Economy

Consumer credit delinquencies rose in all 11 closed-end loan categories in the first quarter of 2020 as the coronavirus pandemic and subsequent economic slowdown began in the U.S., according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.

Economy

Bank card delinquencies fell in the third quarter of 2019, although they rose in several closed-end loan categories, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.

Economy

Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 trillion, the Federal Reserve Bank of New York reported today.

Economy

Delinquencies were mixed in the second quarter, with delinquencies falling for bank cards while rising for the composite index of closed-end loans, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.

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