A new report from the CFPB found “substantial changes in debt settlement activities over the last 13 years,” likely driven by market share increases among debt settlement companies.
Consumer delinquencies rose in the fourth quarter of 2019, mostly due to increases in auto and home-related delinquencies, according to ABA’s Consumer Credit Delinquency Bulletin released today.
A solid job market and rising wages provide strong foundation for consumers to meet debt obligations.
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.
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.
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.
The share of current and performing first-lien mortgages in the second quarter of 2019 was 96.1%, up from 95.6% a year ago, according to the Mortgage Metrics Report released today by the OCC.
The number of homes backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.03% to 1% at the end of the second quarter of 2019, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
Delinquencies for credit cards provided by banks fell significantly in the first quarter of 2019, while the composite index of closed-end loans remained unchanged, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.