What—and Who—Is Driving Delinquencies in Auto Loans?
With high quality loans and low delinquencies, banks are positioned well to handle a slowdown in the auto lending market.
Browsing: Delinquencies
Untangling the Real Story about Consumers and Debt
The good news is that both borrowers and lenders continue to exercise discipline and consumers are still in very strong financial shape.
Consumer Delinquencies Mixed in Fourth Quarter of 2018
Consumer credit delinquencies were mixed in the fourth quarter of 2018, with the composite index of closed-end loans falling and certain open-end loan categories rising, according to ABA’s Consumer Credit Delinquency Bulletin.
Household Debt Ticks Up
Outstanding household debt increased by 0.2 percent in the fourth quarter of 2018, rising by $32 billion to land at $13.54 trillion, the Federal Reserve Bank of New York reported today.
Consumer Delinquencies Move Back Toward Normal Levels in Q3
Bank card delinquencies resumed a slow return toward normal levels in the third quarter of 2018 but remain low by historical standards, according to ABA’s Consumer Credit Card Delinquency Bulletin released today.
Delinquent GSE Mortgages Fall in Q3
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.2 percent to 1.1 percent at the end of the third quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
OCC: Mortgage Performance Improved Year-on-Year
The share of current and performing first-lien mortgages in the third quarter of 2018 was 95.4 percent, up from 94.8 percent a year ago, according to the Mortgage Metrics Report released today by the OCC.
Consumer Delinquencies Hold Steady in Second Quarter of 2018
Bank card delinquencies fell in the second quarter of 2018 after creeping up in the previous quarter, according to ABA’s Consumer Credit Delinquency Bulletin released today.
Consumer Delinquencies Rise in First Quarter of 2018
After falling in nearly every category the previous quarter, delinquencies in closed-end loans, such as personal or auto loans, rose across the board in the first quarter, as did bank card delinquencies, according to ABA’s Consumer Credit Delinquency Bulletin released today.
Delinquent GSE Mortgages Fall Slightly
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due dropped from 1.6 percent to 1.4 percent at the end of the first quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.