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.
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.
Here are five actions banks can take to stay out of trouble.
By considering the unique aspects of healthcare financing, the associated risks can be factored into the pricing and structure of the credit facility, resulting in fewer surprises.
The Consumer Financial Protection Bureau today released a report highlighting data collected from 16 bank and non-bank mortgage servicers between Dec. 2020 and April 2021.
Total household debt increased 2.1% in the second quarter of 2021, rising by $313 billion to land at $14.96 trillion, the Federal Reserve Bank of New York reported today.
While delinquency rates and other indicators of consumer financial stress may rise as COVID-19 support programs are phased out, most consumers appear to be in good financial shape.
Consumer credit delinquencies declined in the first quarter of 2021—following a rise the prior quarter—as the economy rebounded strongly, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
The share of current and performing first-lien mortgages in the first quarter of 2021 was 94.2%, down from 96.5% a year ago, according to the Mortgage Metrics Report released by the OCC today.
A recent analysis of mortgages by the CFPB found that an estimated 4.7% of owner-occupied properties were in forbearance as of March 2021, while about 0.5% of mortgages were 60 or more days delinquent.