Household debt rises amid growth in credit card debt
Total household debt increased 2% in the second quarter of 2022, rising by $312 billion to land at $16.65 trillion, the Federal Reserve Bank of New York reported today.
Browsing: Delinquencies
CFPB report analyzes servicer data on borrowers exiting COVID forbearance
Just 0.2% of mortgage loans exited COVID-19 forbearance programs with a status of foreclosure, short sale or deed in lieu, according to new metrics published by the CFPB today based on information reported by 16 mortgage servicers that together represent approximately one-third of the residential mortgage market.
Household debt ticks up slightly in Q1
Total household debt increased by 1.7% to $15.84 trillion in the first quarter of this year, the Federal Reserve Bank of New York reported.
Household Debt Rises by $333 Billion in Fourth Quarter of 2021
Total household debt increased 2.2% in the fourth quarter of 2021, rising by $333 billion to land at $15.58 trillion, the Federal Reserve Bank of New York reported today.
OCC: Mortgage Performance Improves in Third Quarter
The share of current and performing first-lien mortgages in the third quarter of 2021 was 95.6%, up from 92.5% a year ago, according to the Mortgage Metrics Report released by the OCC today.
Household Debt Rises by $286 Billion in Third Quarter
Total household debt increased 1.9% in the third quarter of 2021, rising by $286 billion to land at $15.24 trillion, the Federal Reserve Bank of New York reported today.
Bowman: Concerns Persist on Nonbank Servicer Regulation
Federal Reserve Governor Michelle Bowman remains “concerned about some of the differences in the prudential oversight of banks and nonbank” mortgage servicers, she said in a speech today.
Consumer Delinquencies Decline to Record Low in Second Quarter of 2021
Consumer credit delinquencies fell to a record low in the second quarter of 2021 as the economy continued to rebound, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
OCC: Mortgage Performance Improves in Second Quarter
The share of current and performing first-lien mortgages in the second quarter of 2021 was 95%, up from 91.1% a year ago, the first full quarter of the COVID-19 pandemic, according to the Mortgage Metrics Report released by the OCC today.
Avoiding Fraudulent Transfer Claims from Loan Workouts
Here are five actions banks can take to stay out of trouble.